Computer Replace Worker

Free Trade Should America Protect Industries from Foreign Competition Many politicians oppose free international trade, trade without any restrictions, for a couple of reasons. From their point of view it would affect the United States in a couple of ways: 1. Many USA workers would lose their jobs because factories would be moved to the country with whom the U.S. has a Free Trade Agreement, and where working force is much cheaper. 2. Importing foreign goods …

…suggests that trade and investment liberalization support strong economic performance. Any major upsurge could cause smaller profit expectation and reduce the attractiveness of the United States to foreign investors, thereby possibly prompting a major correction of the U.S. stock market. Such a correction could reduce consumption - possibly reversing the recent decline in personal saving-and imports, thus perhaps jeopardizing the still fragile recovery of countries most effected by the financial crisis, which erupted in 1997.