U.S. Trade Dilemma: Free or Fair?

This article brings one question to mind, why does the U.S. trade policy seem to be at a standstill? Trade for the United States has accounted for nearly twelve million jobs and approximately twenty-five percent of economic growth. The change in domestic attitude and politics around the world together has created the least hospitable atmosphere for trade liberalization in recent memory.

U.S. trade policy is at a crossraods between pursuing a freer trade or a fairer trade. The United States has a dramatically lower rate than the economies than other large countries, making it impossible to ignore those countries negotiation positions.

If the U.S. does take on the free trade orientation, this would provide a more rational set of economic policies. This could promote economic growth, the leadership aspect for the U.S., and help control inflation. However, at the current moment, a freer trade is not what the public and congressional are looking for to happen to the U.S. In contrast, the fair trade orientation will make available a m0re accepted set of policies.

Changes happen everyday dealing with government, economics, social, technological, and with trade. Trade can expand or decline with these changes. Countries are interdependent on each other and rely upon one another. Each country specializes in certain products and then they can trade those products with the other countries. In order to keep trade from becoming a standstill, the American ecnonomy must keep trading. Any kind of war or halt of trading would severely damage the American economy. In the U.S.'s best interest, they need to keep trading and not have a standstill point. This goes for other countries as well. Economic expansion and growth is a vital factor of trade and stability for the United States.