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© Thomson Reuters 2020.Asia-Pacific leaders push for freer trade after Trump
By Rozanna Latiff and Joseph Sipalan KUALA LUMPUR©2024 GPlusMedia Inc.
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Graham DeShazo
One of the dumbest, least covered moves of the Trump era was rejecting the TPP.
Apart from the idiot Navarro, you cannot find a PhD. - level Economist that is not in favor of free trade. The reasoning is simple. It provides more, better goods to a higher number of people at a lower cost.
It also inter-connects economies making war less likely. It improves productivity by introducing external competitors.
Granted, free trade is not perfect. On the micro-scale there are losers. And the benefits are diffuse while the costs can be acute.
But on the whole, trade is good; trade works. I hope the GOP abandons Trump’s idiotic trade practices and returns to the party of trade as a method of economic and employment growth.