On Wednesday, the Heritage Foundation gladly welcomed Liam Fox, the United Kingdom’s Secretary of State for International Trade, to explain the benefits of free trade, particularly a free trade partnership between America and the United Kingdom after Brexit.

The US and the UK are interdependent economically, Fox said. An open trade agreement between the two nations would be good for both countries as Britain leaves the European Union, he added.

Heritage experts have been making the case for a US-UK free trade deal for nearly four years.

Free trade has been a boon for people around the world, Fox said. “The effects of free and open trade allowed us to take a billion people out of abject poverty in a single generation.”

Watch the video to hear more of the UK Secretary’s speech:

In the wake of Brexit, should the United States strike a free trade deal with Britain, one of our closest allies?

Comments (6)

Larry Craig - July 30, 2018

Short answer, no. I am against free trade. Did tree trade bring million of people out of poverty? Perhaps. They got our jobs. I know it may sound selfish, but our government is supposed to put the interests of the American people first. This is too small a space to make the argument for tariffs. See my articles on my blog poligion1.blogspot.com. We need to bring the jobs back to America. They left because of free trade. I don’t see how or why they will come back unless and until we tax imports again

Gerardo Beni - July 30, 2018

I disagree with Larry Craig. Free trade agreements may not be good for some groups in the short term but they are good for the country overall as the GDP rises faster, eventually benefiting also those groups that temporarily may suffer.

Roger O’Daniel - July 30, 2018

Henry Kissinger claimed that allies remain so as long as we support their interests. Free trade is beneficial so long as it is fair and balances the trade deficit on either side. If the trading “partner” does a backdoor subsidy to an industry that reduces their cost of goods, free is not fair.
“Welcome into my parlor said the spider to the fly.”

Jim Hogrefe - July 31, 2018

Yes, a free trade agreement between the US and UK would increase trade between the two countries and benefit both.

Da Li - August 1, 2018

I absolutely support the United Kingdom’s Secretary of State for International Trade, to explain the benefits of free trade, particularly a free trade partnership between America and the United Kingdom.
We United States should establish a new world order under the assistance of
The Heritage Foundation and we will realize the aim that President Trump proposed Make United States great again .

Hawkfan - August 2, 2018

I’m not an economist but I say yes and let market forces prevail! I believe in American products and American worker’s abilities to compete with not only Great Britain but with any country in the world.

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