Is a Trade Deal a Panacea?

nebraskaenergyobserver

About this Anglo-American trade deal, which John Bolton says will be a reality. Actually, he says we can do a lot of mini ones, sector by sector, sounds good to me, as it does to a lot of Brits. A bit of a dark cloud over it comes from Stumbling and Mumbling via our friends at Notes on Liberty.  They say this:

Brute facts tell us this. As part of the EU, the UK and Germany have the same trading rules. Last year, however, Germany exported $134bn of goods to the US whereas the UK exported only $65.3bn. Per head of population, Germany’s exports to the US were therefore 60% higher than the UK’s. Much the same is true for other non-EU nations. Last year Germany exported $11.8bn to Australia whilst the UK exported just $5.9bn, a per capita difference of over 50%. German exports to Canada were $12bn…

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