Free trade has fueled competition, innovation, and economies of scale, giving people all over the world lower prices and more choices. Yet even the U.S. seems to have “free trade fatigue,” and the most recent free trade agreements seem in many respects designed more to regulate trade than to free it. The development of the free-market system has brought about a dramatic and revolutionary improvement in living standards around the world. The Trump Administration should build upon the momentum of recent decades to increase economic freedom and dynamic growth, not disrupt it with protectionist trade policy.
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