There is no such thing as free trade but Germany and Japan are calling for a concerted effort to defend it. Elsewhere, the U.S. considers joining the EU, Zambia, and Nigeria in adopting supply-restricting policies. Status Quo is Good for Me There is no such thing as free trade, but according to Arne Delfs in Bloomberg, “The German Chancellor Angela Merkel and Japanese Prime Minister Shinzo Abe called for a concerted effort to defend free trade, expanding the list of economic powers joining together to counter the U.S. shift toward protectionism.” Germany has the world’s second largest trade surplus at nearly $300 billion and Japan has the third largest trade surplus. Delfs argues that the major powers are lining up against the U.S. demand...

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