Liz Truss Quotes
Trade is critical to us all - it ensures we have what we need to live, that the NHS gets the equipment it needs to save lives, and that developing countries can prosper.
Truss, Liz. "Global Trade Is Critical to Us All." GOV.UK, Department for International Trade, 24 June 2020.
Foreign trade creates jobs and eliminates jobs. The people who lost jobs as the result of increased foreign trade are readily identified while the job beneficiaries may never know the reason. So it is a hard political sell even though most of the economic studies have showed that more jobs of more value are created by trade than lost. However, the losers are generally blue collar workers while the beneficiaries are generally white collar and knowledge workers. So there is a socioeconomic class differentiation in the trade issue.
He was opposing the view of President Donald Trump that the United States needs trade protectionism in order to preserve and grow manufacturing jobs. Flake and the majority of the Contgress maintained that protectionism at best would lose more jobs and growth possiblities than it would save, and at worst could start a trade war that throws teh United States into a recession or even a depression.
This is one of the earliest examples of the establishment of a type of Commerce Department – a government institution to look after the commercial affairs of the state.
Elizabeth Mary Truss, known as Liz Truss, is a British politician serving as Secretary of State for International Trade and President of the Board of Trade since July 2019 and Minister for Women and Equalities since September 2019. A member of the Conservative Party, she has served as Member of Parliament (MP) for South West Norfolk since 2010. Truss was Environment Secretary from 2014 to 2016, Justice Secretary and Lord Chancellor from 2016 to 2017 and Chief Secretary to the Treasury from 2017 to 2019.