Immeasurable amounts of time, effort and money go into free trade negotiations but Tim Worstall shows it doesn’t have to be difficult:
Exports are simply the dreary drudge work we do in order to be able to afford those lovely imports. So, for the EU to “negotiate” a free trade area with the US is very simple. Just stop taxing EU citizens who purchase American goods by imposing tariffs upon them. Similarly, for the US to have free trade with the EU just means lifting those portions of the US Customs code that tax imports from Europe. There, all done. Extraordinarily simple, easy to achieve and yes, it would make us all richer to boot.
Sadly, the economically deluded, the protectionists and others who make money from trade barriers won’t take the simple solution.
“Sadly, the economically deluded, the protectionists and others who make money from trade barriers won’t take the simple solution.”
Thats unfair to the US.. as Winston Churchill said: The Americans always make the right decision.. once they have exhausted all other alternatives”
JC
U.S. citizen here – but I have to laugh with JC. We don’t have a great track record these days.
Anyway, nice post! Your blog looks interesting in general. I think most people probably would benefit from returning to rural lifestyles. Looking forward to reading your future content!
I’ve followed you – why don’t you check out my WordPress account as well? I post a lot of capitalism/free-market related content as well as many other important themes. It’s an opportunity for like-minded people to find information and news related to their values – commenting is encouraged, the more discussion the better.
In love of liberty.
tiffany267