Your English writing platform
Free sign upSuggestions(5)
Exact(7)
"I think we can strike a deal as the Canadians have done based on trade and getting rid of tariffs.
The reality, though, is that countries have already broken the most easily removed barriers to international trade and investment by getting rid of tariffs and export subsidies.
In a debate on the BBC, Nigel Farage, the Ukip leader, went even further than the official leave campaign and suggested getting rid of tariffs on goods traded with all countries.
Here, too, there is plenty of potential: to streamline supply chains and raise productivity by getting rid of tariffs and to ease the burden on business by harmonising regulatory standards, so that a car or drug deemed safe in Europe need not be tested again in America.
Friedman believed that markets perform best when freed from government interference, so he advocated getting rid of tariffs, subsidies, minimum-wage laws, public housing, Social Security, financial regulation, and licensing requirements, including those for doctors — indeed, virtually every measure devised to protect people from the market's harsh logic.
One analysis suggests that just getting rid of tariffs could raise Europe's GDP by around 0.4% and America's by a percentage point.The really big gains will be reaped if these deals spur broader global liberalisation, particularly with the fast-growing big emerging economies.
Similar(53)
-- This week has also showcased the president's willingness to erratically change positions: After tweeting yesterday morning that "tariffs are the greatest," Trump said last night that he'd love to get rid of tariffs altogether.
Under the agreement, which was opposed by the nation's farmers, South Korea will remove tariffs on Chilean copper products, wool, tomatoes, wheat and more than 200 fish products, while Chile will get rid of tariffs on South Korean cars, cellphones, computers, televisions and air-conditioners.
Getting rid of remaining tariffs could raise Europe's GDP by around 0.4% and America's by a percentage point.
Rockefeller made the case for merging North American economies (NAFTA anyone?), getting rid of non-tariff barriers (a fancy term for health and safety standards), and, at the prompting of a congressman named Donald Rumsfeld, advocated giving the president fast track negotiating power so Congress couldn't get in the way.
A little friction in the system can cause disproportionately large outcomes for a company and a region.
Write better and faster with AI suggestions while staying true to your unique style.
Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.
Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com