By SIMON CONSTABLE
Claims that the era of free trade is on its last legs are much exaggerated.
It is nowhere near dead. Not by a long shot.
Assurances that the U.S. has embarked on a trade war that will collapse the world economy similarly grasp at a phantom menace.
Who knows for sure why people say such things, but we can make educated guesses.
A couple of probable reasons stand out as feasible. First, it may be because such scaremongers are too focused on the recent spats between the U.S. and China, plus the U.S. and the European Union. Alternatively, it could be that they aren’t aware of how the current tariffs fit into the move towards increasingly freer trade over the last two centuries. Read more here.
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