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Free trade has lifted mankind to a level of wealth that was recently unimaginable. In 1990, 38 percent of human beings lived in extreme poverty; today, that figure has fallen to 8 per cent, as previously closed African and Asian economies have joined the global market.

Yet, paradoxically, free trade has never been so out of fashion. Across the world, idealistic people march against trade deals, protest G20 summits, occupy stock exchanges, sincerely believing that, in doing so, they are standing up for the poor against multinational corporations – when, in reality, they are doing the opposite.

Politicians naturally respond to public opinion. We are witnessing a trade war between the world’s largest and second-largest economies. The Uruguay Round, concluded in 1994, was the last successful comprehensive multilateral trade negotiation. Until CPTPP, the last major regional trade deals were ASEAN and NAFTA, agreed in the early 1990s.

We need to recapture the moral case for open commerce. Free trade is not simply a way to buy cheaper iPhones. It is the ultimate instrument of poverty alleviation, conflict resolution and social justice.

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Jack Powell

@powelljack_ 18 minutes ago

Yes, tariffs increase consumer costs on the products they apply to, but don't overlook the collateral damage they c… twitter.com/i/web/status/1…

1828

@1828uk 1 hours ago

Protectionism plays well into insular, nationalist rhetoric, but it’s not viable economics, says @baptrimble 1828uk.com/2019/04/24/sen…

Tom Harwood

@tomhfh an hour ago

Very impressive get for @brexitparty_uk - James Wells has resigned as Head of Trade at the ONS to stand for them! pic.twitter.com/dhtbBa50F6

1828

@1828uk 18 hours ago

While it is widely known that tariffs increase consumer costs on the products they apply to, it’s easy to overlook… twitter.com/i/web/status/1…

David Henig

@DavidHenigUK 21 hours ago

Getting the sense nothing may happen in the UK's Brexit debate until October twitter.com/tnewtondunn/st…

1828

@1828uk yesterday

.@baptrimble of @IFTtweets: Sent into a spin: the unexpected costs of protectionism 1828uk.com/2019/04/24/sen…

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