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Why we should support free trade and why it is good for America

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Why we should support free trade and why it is good for America

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Free trade, however, is good for America, and for a very simple reason. It allows American workers to specialize in goods and services that they produce more efficiently than the rest of the world and then to exchange them for goods and services that other countries produce at higher quality and lower cost.
Source: https://www.heritage.org/trade/report/why-america-needs-support-free-trade

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One support for it is that society benefits from it.

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One problem with free trade is that is not sustainable. It doesn't last a long time.

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We are in this riff with China about steel, and Trump put a tariff on the steel.

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Tariffs, domestic subsidies to exporters, and non-tariff barriers which restrict imports.

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An example would be a country that does not grow bananas, going out of the country and importing bananas from a country that does.

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I think that protectionism is better than free trade because if you have free trade, then the prices will go up and everything will be more difficult. If you have protectionism, then you have some control over things, and the prices would be cheaper. With protectionism, you can control what goes in and what goes out. You have control over things unlike free trade, where you don't have any control. Protectionism is better than free trade.

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One  problem is that free trade assumes the economy is always operating at full output, or at least that trade has no effect on its output level.
Source: https://www.huffingtonpost.com/ian-fletcher/free-trade-vs-protectioni_b_504403.html

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https://www.cato.org/publications/commentary/contrary-nationalist-myths-protectionism-economic-disaster

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Thee were tariffs on Japanese motorcycles, which were credited with bringing back Harley-Davidson's in the 1980's
Source: https://www.bloomberg.com/view/articles/2017-08-24/the-destructive-path-of-protectionism

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"The NAFT objectives are removal of barriers to trade, enhancement of fair competition, to open up more opportunities, and a provision of security"
Source: https://www.reference.com/world-view/main-objectives-nafta-67404293e4d5a6e8

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Free Traders agree that protectionist legislation would increase employment. 

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Free Traders agree that protectionist legislation would increase employment. 

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Free Traders believe that the increasing tariffs on imports will have the same effect.

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Protectionist support trade quotas, which are limitations into the quantities of certain goods that foreign nations may import into the United States.

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Free Trade vs Protectionist Trade

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Free Trade advocates believe that consumer, not the producer, is of great importance, and that trade deficits do not automatically lead to higher levels of unemployment.

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The Protectionist support trade quotas, which are limitations on the quantities of certain goods, that foreign nations may import into the United States. Second, they also support using a tariff to limit the desirability of imports.

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Free Trade- The natural course of trading without tariffs or different restrictions.

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Protectionist Trade- the un-natural course of trade. It limits unfair competition in trade. It claims it will protect domestic manufacturing, and jobs.

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Protectionist also support tariffs. A tariff is a tax on an imported product that makes a comparable domestic product more price-competitive.