Global Trade Reduces Poverty and Child Labor Far More than Foreign Aid

Both parties seem to be swerving in a protectionist direction. The Biden-Harris record on trade and tariffs is even worse than Trump’s. This terrific chart from the Cato Institute reminds us that global trade over the past several decades has dramatically reduced inequality, child labor, and extreme poverty.

Meanwhile, hundreds of billions of dollars of foreign aid programs mostly run by leftists have had virtually no impact in raising living standards in poor nations and have only spawned welfare dependency.

If Americans care about helping billions of poor people in poor countries then we should shift to a Reaganite paradigm of Trade Not Aid.

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