New on our blog!
Trump’s Mar-a-Lago Accord Explained
#FreeTrade #InternationalTradeLaw #USA #WTO
https://voelkerrechtsblog.org/trumps-mar-a-lago-accord-explained/
New on our blog!
Trump’s Mar-a-Lago Accord Explained
#FreeTrade #InternationalTradeLaw #USA #WTO
https://voelkerrechtsblog.org/trumps-mar-a-lago-accord-explained/
Lol, Contrarian Kemi at it again!
Starmer's secret weapon against the Tories, their own feckless leader.
#GlobalEconomy already feeling drag from #TrumpTariffs
#Trump's #tariffs are increasingly clogging up the wheels of a world #economy which for decades were greased by predictable & relatively #FreeTrade.
Big-name multinationals right down to niche e-commerce players last week cut sales targets, warned of #job cuts & reviewed their #business plans, while major economies revised down growth prospects amid bleak data read-outs.
#recession #trumpcession
https://www.reuters.com/world/china/global-economy-already-feeling-drag-trump-tariffs-2025-05-05/
Why everyone is wrong about the economy https://www.byteseu.com/927232/ #BidenAdministration #DonaldTrump #economy #FreeTrade #Obamacare
FT revisited a Cato/YouGov poll from last August, on free trade and manufacturing jobs.
Americans want more manufacturing jobs in the US, but they don't want to work in manufacturing.
#USPol #economics #freetrade #manufacturing
https://www.cato.org/sites/cato.org/files/2024-08/Globalization%20Survey_2024.pdf
Not so quick: free trade sucks, too.
Greece Bolsters EU, NATO Role And Deepens US Ties, Says PM Mitsotakis https://www.byteseu.com/911592/ #2027Elections #ArmedForces #Chevron #DELPHIECONOMICFORUM #DonaldTrump #EasternAegean #EasternMediterranean #Egypt #eu #EUStrategicAutonomy #Exxon #ForeignInvestment #FreeTrade #Greece #GreekTurkishRelations #GulfCountries #Israel #KyriakosMitsotakis #NATO #NaturalGas #populism #RecepTayyipErdoğan #tariffs #USCongress #USRelations #VisaProgram
Elon Musk’s Tariff Rift With Peter Navarro Is Getting Ugly https://www.byteseu.com/898829/ #business #DogeLane #ElonMusk #Europe #FoxNews #FreeTrade #musk #PeterNavarro #PublicAdministration #ReciprocalTariff #SeniorAdvisor #TariffRift #thursday #trump #WhiteHouseDogeOffice #Work
I wonder whether those folks who have dissed #freetrade and #globalization over recent years despite the prosperity and poverty reduction it has brought are paying attention now that the orange madman is giving them what they asked for.
Anyone else notice how quiet the neoliberals have been lately?
For decades, conservative fans of FA Hayek and Milton Friedman have told us that free trade and free markets are their core principles.
That we should let the invisible hand of the market decide.
That any government intervention, no matter how well intended, distorts the markets.
That government intervention in markets is socialism.
That governments shouldn't pick winners.
That taxes are bad.
That if there's a choice between government intervention to stop global warming from fossil fuel pollution or free trade, they'll gladly pick free trade.
Right back to Reagan and Thatcher, they swore these were their core principles.
So.
An American president intervening in markets by imposing arbitrary protectionist tariff taxes should have been a hard no.
A political candidate openly campaigning on doing this should have met stiff opposition from the invisible hand's true believers.
If a true believer in these neoliberal principles (as Rupert Murdoch has claimed to be) owned a news channel (such as Fox News), one would expect outrage at this blatant rejection of free markets and free trade.
So where are all the neoliberal think tanks? Economists? Politicians?
Why the silence?
Trump’s tariffs incite fury in China and dismay in Europe https://www.byteseu.com/889762/ #BreakingNews:Politics #business #BusinessNews #China #DonaldTrump #DonaldJTrump #Europe #ForeignPolicy #FreeTrade #HowardLutnick #InternationalTrade #KarolineLeavitt #Politics #SecretaryOfCommerce #tariff #trade #UnitedStates #WhiteHouse
To understand #trump, what passes for #trumpism and its approach to #tariffs then start with #AndrewJackson. This isn’t about #FreeTrade or #TradeDeals, it’s about raising revenue. #Trump’s entire mindset is early 19th Century #America. I’d also recommend reading ‘Old Friends, New Enemies’ by the US historian Arthur Marder for some historical rhyming. #thingswillgetworse.
@randahl Perhaps economists on the thread can chime in with their favourite #FreeTrade and specialisation arguments. For the rest of us, we have to dig out #AdamSmith et al.
The world tried for decades to agree on unrestricted, international trade #WTO and now it's like you have to debate the underlying principles again.
Cartoon by Malcolm Mayes for Postmedia
Seeing as the #US doesn't understand how the #FreeTrade part of #USMCA works, I propose dropping the American portion, or forming a new pan-N.American organization to advance hemispherical interests.
I would call this organization the 'Mexican-Canadian Trade And Co-operation Organization', or:
'Mexi-Can TaCO'
Why economists got #FreeTrade with #China so wrong https://www.npr.org/2025/02/11/g-s1-47352/why-economists-got-free-trade-with-china-so-wrong
#Corruption, #Lobbying and even taking over the #Government of course didn't make big business just one bit more #Competitive.
But who cares if you can instead just kill #FreeTrade and force everyone to buy your shitty products?
No one, that is. (At least no one who has any power to change that.)
.
2/4 ... #hightech sectors such as #space #business , #AI and #databases ( #SpaxeX , #Palantir , #BlueOrigin , #GAFAM , etc.), while the rest of the U.S. economy is protected from foreign #competition by #protectionist measures (high #import #tariffs or unequal #freetrade #agreements with other #countries, and anti- #immigration #laws ). On the #ideological #front , attempts are being made everywhere to dismantle #political #liberalism...
(parliamentary #democracy closely coupled with... (3/4)
So while the UK is scrabbling around wondering how we might continue trading with a protectionist Trumpian America (see earlier post on services & exports to the USA), the EU has been negotiating & now concluded a major free trade deal with Mercosur, gaining access to a major South American trading bloc for European exports (with tariff reductions across around 90% of exports)... if only we'd been part of that; oh well... can't complain, at least we're 'independent'!
#Brexit #FreeTrade
h/t FT