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(IMF) (The opinions expressed in guest op-eds are those of the writer and do not necessarily represent the views of RedState.com .)
Everyone in DC has spent the last half-century-plus pretending the horrendously anti-US, one-sided, unfair global trade market is “free trade.”
Everyone, that is, until Donald Trump moved into town.
As a part of Trump’s trade transformation, he put pressure on the World Trade Organization (WTO) to reform and modernize — to address a global market that was cheating in ways the WTO hadn’t yet evolved to address.
With which we agreed at the time.
And with which we still wholeheartedly agree, even though Trump has moved out of DC. The WTO Needs to Modernize on the Right Things – and Reject the Wrong Things For instance, the WTO needs to finally begin to address the massive domestic and export subsidies countries use to undermine a fair, free trade market.Oh, look — they are. “The WTO’s dispute settlement panel ruled that India’s export subsidy schemes, including the provision for special economic zones, violated core provisions of global trade norms.” Every penny a government spends subsidizing a product is a penny less that country’s exporters can artificially charge below the fair, free-market price. […]
Read the whole story at redstate.com
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