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http://trade.ec.europa.eu/doclib/press/index.cfm?&id=1676

https://www.investopedia.com/terms/f/free-trade.asp

https://study.com/academy/lesson/what-is-free-trade-definition-pros-cons-examples.html

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Protectionist policy in the European Union is a big rise. EU Trade Commissioner Cecilia said: "We clearly see that the scourge of protectionism is on the rise. It affects European firms and their workers. It is worrying that G20 countries are maintaining the highest number of trade barriers. At the upcoming G20 summit in Hamburg, the EU will urge leaders to walk the talk and resist protectionism. Europe will not stand idly by and will not hesitate to use the tools at hand when countries don't play by the rules." If countries continue to keep breaking rules the EU will make more barriers making people play fair.

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Singapore has had tremendous success with free trade. Free trade being just one of several key ingredients that have made the country the wealthy economic hub it is today. The descision of free trade internationally made Singapore’s economy rise greatly and now have one of the best trade rankings in the world.

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Free trade allows unregulated access to markets. Free trade has Inability of firms to distort markets through government-imposed monopoly  or oligopoly power. Trade in services without taxes or other trade barriers. Free trade is extremely rich with extensive work having been done on the probable and wealthy effects.

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As America starts to lean more toward protectionism the question is..... will this help us or hurt us. I think it could go two ways. First we could grow tremendously in national wealth and agricultural development as well. On the other hand it will lose a huge supply of foods as well as materials we need tremendously. This can also cause us to lose the trust of allied nations and lose competition in economy creating dry economy.

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Protectionists often talk about chinas unfair advantage over US economy, but they constantly are devaluing their currency. This makes the US dollar worth a lot more to the people allowing us to buy many goods from China evening out the playing field.

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The protectionist control policy on tobacco reduces the amount of tobacco traded so people won’t get addicted as easy and raising prices of selling of tobacco. This is used to help global health all around.

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Throughout my reasearch I have seen all the pros and cons on each side. Protectionist policy is better for domestic industries and country protection in whole. On the other hand free trade is better for consumers because of the variety of products and lower prices. I have concluded that personally I see that free trade is better for the economy. This helps the economy by increasing competition in market and allows consumers to purchase more because goods cost less, I think this is the best policy.

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The United States is currently deciding on whether or not to adopt protectionist trade that trump campaigned on.Many American companies mostly manufacturers want in on these protectionist policies. They say that they need the government’s to stop foreign companies from flooding the market with cheap products.

The United States sees how China has been ripping off American economy and want to add higher tariffs but are waiting for world trade organization because we don’t want to violate laws on trade.

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US has cut off punishing tariffs on aluminum and steal too Mexico and Canada. However US just put up metal tariffs on all countries last week for protection purposes.

The United States and Mexico are currently trying to work out a new deal for NAFTA.

Canada is most dependent on NAFTA and since this agreement they’re exports to America have soared and they are the number 1 country who purchases goods from America. So they need to make sure nothing big changes in the NAFTA deal.

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Escalated tariffs when higher tariffs are placed on prosessed foods. This allows countries to place a higher value on those goods.

Import quotas, tariffs and subsides are used to regulate trade making protectionism work.

The common agricultural policy limits import on certain food goods to protect the jobs and production of domestic farmers.

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EFTA-European free trade Association consists of Norway, Iceland, Switzerland and Liechtenstein. NAFTA- North American Free trade association includes -United States, Mexico and Canada.

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Domestic industries often like this policy because allows them to raise prices on products and have less competition in the economy so they make more money and country also makes money off this as well.

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Consumers like this because it allows for more variety of goods and lower prices on these goods.

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Protectionist Policy benefits because tariffs raise price of the incoming goods so domestic producers don’t have to lower their prices for the increased competition.
These barriers help protect certain industries that are defense focused and states are interested in these for security.
Use tariffs as a retaliation technique if they think another country isn’t playing by the rules or properly labeling goods.
Protectionism can protect national security by regulating what enters and leaves the nation. This also allows for other countries to not take advantage of a country.

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Free Trade is beneficial because it allows more imports in the US and more competition for economy.
More than 1 and 5  jobs are involved in trade and this competition can create more jobs for the country.
Fewer barriers on American exports means less money taken by foreign governments out of the pockets of workers and business owners seeking to trade overseas.

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Protectionist Policy- economic policy where government restricts international all trade using tariff and other methods of regulation

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Free Trade-international trade left to its natural course without tariffs, quotas, or other restrictions.

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Free Trade VS. Protectionist Policy