British Value Judgements In a Chatham House speech this week, UK Secretary for International Trade Liz Truss made some commonsense statements about trade policy, and some contradictory ones. First, she correctly framed trade agreements as required to be mutually beneficial and said there is a middle ground between unregulated globalization and protectionism. She said the UK will challenge China. And she recognized that the government needed to better engage and communicate with citizens about trade. By saying food standards must not be undermined, she was presumably leaving the door open to the fact that another country’s standard could be equivalent without being undermining. But this puts the burden on her to explain the difference...

TAGS – Europe, North America