Looking forward, let's hope that the economic progress we've experienced over the last half century continues, unimpeded by consumer-impoverishing trade policies that would prevent or restrict American consumers from having access to goods manufactured at the "lowest-cost method of production"—whether that's across the street or on the other side of the world. … [Read more...] about Free Trade Has Truly Made Us All Rich
Tariff free trade
Asked if the UK will conduct trade talks with the EU in tandem with trade talks with the US, the Prime Minister's official spokesman said: 'Once we have left the EU on the 31st of January we will be free to hold trade discussions with countries across the world and not just focus on discussing the future partnership with the EU.' … [Read more...] about Boris Johnson says UK will negotiate a post-Brexit free trade deal with the US and EU at the SAME time as he piles pressure on Brussels to stop dragging its feet
What is it that hard Brexiters and Donald Trump want so much in a free trade agreement between Britain and the US that they are adamant only a complete break with the EU could achieve it, while Theresa May’s deal scuppers it? The sort of deal they have held up as the Brexit prize is contained in a blueprint published by rightwing thinktank the Institute of Economic Affairs, called Plan A+. Last week it was told to remove Plan A+ from its website by the Charity Commission, for breaking rules on political campaigning. Boris Johnson, David Davis and hard-Brexit European Research Group members Steve Baker and Jacob Rees-Mogg have all lavished praise on it. … [Read more...] about Who is behind the push for a post-Brexit free trade deal with the US?
Responding after EU foreign ministers announced the talks, Cecilia Malmström, the European commissioner for trade, said: “Together, we will now negotiate win-win trade deals that create new opportunities for our businesses, as well as safeguard high standards in key areas such as sustainable development. … [Read more...] about EU talks with Australia and New Zealand deal blow to UK free trade plans
In a chapter from the half-yearly World Economic Outlook study released ahead of its annual meeting next week, the IMF said the weakness of the global economy, rather than a wave of protectionism, had been largely responsible for the sharp slowdown in trade growth over the past four years. … [Read more...] about IMF study warns free trade seen as benefiting ‘only a fortunate few’