Kuala Lampur, June 2 -- Economic justice is a contentious issue in the world. Many view tariffs which discriminate between countries as stoking economic injustice. They give rise to unfair trade. There are many examples of this. The latest is the unilateral move by the US to unilaterally reconstitute their import tariffs which saw different rates for different countries on the rather illogical basis of trade deficits. The irony of it all is that US importers end up paying for the tariff hikes. Economists confirm this fact. The establishment of the WTO years ago aimed to create more fairness in trade. Initially agreements were amicably reached to zerorise tariffs. When eventually the negotiations proceeded into agriculture, the progress st...
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