Why It Matters: Foreign trade impact on U.S. Economy

Why It Matters: Foreign trade impact on U.S. Economy

Trade deals have been a common topic among the U.S. presidential candidates throughout both the primaries and the general election. For decades, free trade was seen as a substantial benefit for America because imports would cut prices for U.S. consumers, foreign competition made American firms more efficient, and trading with foreign nations typically ensured rather friendly relations between the two. However, the candidates seeking the Oval Office are not the only prominent voices talking about foreign trade’s deficiencies. Renowned economic scholars are beginning to see the disadvantages America is experiencing, from the economic revival of China to workers here in the States that have lost jobs because of repercussions from┬áthe globalized economy.

 

Click here to read more:

No comments yet.

Leave a Reply