My Trade Secrets today. It's a longstanding American grievance that predates Trump: US companies can't sell cars in Europe & elsewhere because of evil trade barriers. It's actually because US protectionism has encouraged its carmakers to make clunky great gas-guzzlers no one else wants to buy. [Trump’s auto tariffs build on ...](https://on.ft.com/3Gcosfs )

My Trade Secrets today. Someone had to do the "in praise of regulation" column, and here it is. Or at least against boneheaded deregulation, where the UK for one risks going in the name of growth. Ironically, Britain's best growth strategy would be to rejoin the regulatory superstate of the EU. [Britain should beware the cult...](https://on.ft.com/4i1K2ki )