Why free trade is officially dead

Source: Cobden Centre
by Alasdair MacLeod

"G20 Finance ministers meeting in Baden Baden last weekend agreed, on America's insistence, to drop the long-standing commitment to free trade from the final communique. It is hard to know to what extent America's position is driven by her autarkic view on world trade, or to what extent it is an acknowledgement of the fruitlessness of paying lip-service to an ideal which is never delivered. Doubtless, it's a bit of both. It is certainly true that finance ministers in the advanced nations have always shown a protectionist attitude towards international trade, protectionism that has intensified through attacks on American international corporations, which to a large extent can choose where to pay their taxes." (03/24/17)

http://www.cobdencentre.org/2017/03/why-free-trade-is-officially-dead/