Free-market orthodoxy has failed. It’s time to consider our public interest. Europeans, Canadians and Mexicans buy more American goods and services than anyone else in the world. So why would the Trump administration be willing to start trade wars?
The US trade deficit is the result of a conscious globalization strategy by large multinational corporations. This strategy has greatly paid off for them. They have been able to use their mobility to secure lower wages, reduced regulations and lower taxes.
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Meeting in Chicago on Friday, March 9, the UE General Executive Board issued the following statement on President Trump's announcement about steel and aluminum tariffs.
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