The European Union and Britain said Friday that wide gaps remained in their fraught talks on a rudimentary trade agreement following the Brexit divorce and called for intensified negotiations before a deadline in a couple of weeks.
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Commentary: The Coronavirus Threats Shows the Need to Reevaluate Free Trade Relationships
Free markets are notable for their efficiency. Over the course of time, they reward greater specialization that yields more production at a lower expense. Markets gave us the assembly line, overnight delivery, and lower prices for necessities like food and clothing.
Read MoreCommentary: The Deadly Cost of ‘Free’ Trade
The debate over trade largely has been framed in economic terms. We’re told consumers will pay more for—well, you name it—because of President Trump’s tariffs (even though the data show inflation is nonexistent). But a new study shows that trade policies do exact a steep price on Americans.
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