Is Free Trade Bad For The Economy?
Donald Trump and Bernie Sanders have blasted free trade policies, promising to bring jobs back to the US. But is free trade really to blame?
Why Bashing Free Trade Is Paying Off for Trump and Sanders (fortune.com)
"For a generation, free trade was a cornerstone issue of the Republican party, and of the center and right wings of the Democratic party. Now, it's become an albatross around the neck of establishment candidates."
The Benefits of Free Trade: Addressing Key Myths (mercatus.org)
"Trade restrictions limit the choices of what Americans can buy; they also drive up the prices of everything from clothing and groceries to the materials manufacturers use to make everyday products. Moreover, it is lower-income Americans who generally bear a disproportionate share of these costs."
Protectionist Trade Policies: A Survey of Theory, Evidence and Rationale (research.stlouisfed.org)
"Professional economists in the United States, however, generally agree that made restrictions such as tariffs and quotas substantially reduce a nation's economic well-being."
Importance of Trade to U.S. Economy Highlighted in World Trade Week Events (trade.gov)
"Just as it always has during previous cycles of growth and recession, exporting holds an important place in the U.S. economy. In 2008, U.S. exports of goods and services, on a balance of payments basis, totaled $1.84 trillion, an increase of 12 percent over 2007."