José M. De Areilza: Negotiate Less Free Trade

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Nine years ago, Donald Trump campaigned for Brexit from one of his golf courses in Scotland. This weekend, again in Turnberry, between party and party, he will spend a few hours negotiating with Ursula von der Leyen’s tariff hike to the European Union. This passion for protectionism contradicts the best economic theory, which has encouraged seventy years of steady progress inspiring the work of GATT and the World Trade Organization. But Trump ne…