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latest #tradefacts

#7 - TRADE DEFENCE INSTRUMENTS ARE MEANT TO PROTECT THE EU ECONOMY. OFTEN, THEY ACHIEVE THE OPPOSITE.

| Trade defence measures such as antidumping are not well suited to modern international production chains, easily harm the EU economy and consumers.

#6 - Trade makes poor countries richer

| From 1996 and 2016, gross domestic product (GDP) per capita tripled in Least-Developed Countries. Much of this can be attributed to an increase in trade and foreign investment.

#5 - Trade helps to avoid conflict

| When countries trade with each other, they are less likely to engage in conflict. Some argue this contributes to international peace. This claim shouldn't be exaggerated but there is some truth to it.

#4 - Tariffs are like a tax which hit poor people hardest

| Tariffs are like a tax hitting low income households hardest: the poorest lose 1.6% of income after tax.

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