Free Trade?
In an economic age in which speedy transactions of imports and exports are essential, is free trade a necessity for aiding worldwide economic development? At least John F. Kennedy thought so, he being the initiator of removing tariffs and other limitations on U.S. imports. His hypothesis was that by doing that, other nations would follow America's example and leadership. However, that never happened because the other nations were more concerned with their own problems. Even today, the United States continues to support free trade, an example being NAFTA (North America Free Trade Agreement). The problem is that America's generosity has caused the foreign industry to take over the U.S. marketplace. This unfortunately has resulted in high unemployment rates just because consumers and firms can purchase foreign goods for a little less than domestic products. But with this country's abundant resources, is free trade really necessary?>From a conservative viewpoint, the only remedy to decrease unemployment an
The temptation for consumers to buy cheaper foreign goods has only slowed production in U. Having clarified the different perspectives of the two main political parties on the free trade issue, it is hard to determine which action would be the most advantageous. Free trade has only crippled the American work force, increased poverty, and added to our national debt. Just visit any clothing store and you'll find that most of the apparel comes from South Korea, China, Hong Kong, Sri Lanka, and the Philippines. Also, another example of an industry hurt by free trade is the lumber industry. Should we put the immediate focus on our own economy and allow it to prosper, while other poorer countries suffer from the tariffs? Or, should we do away with all taxes on imports in hope that others will follow our bold lead? Only the near future can show which was the best decision. Other examples of industries that have responded negatively to free trade are the U. d stimulate our own economic growth is to abandon the free trade policy and raise tariffs. textile, petrochemical, fishing, and auto industries. America needs to become less generous, more independent, and definitely more self-sufficient. industries and has caused unemployment levels to skyrocket.
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