News — Protectionism

It can be best stated that free trade provides the most benefits and stability to a nation’s economy over the long term. The vast majority of mainstream economists agree that this is the case, with many of them rejecting protectionist policies. Still, many people have blamed free trade policies for causing the loss of jobs in certain industries and for allowing companies to relocate overseas to better take advantage of cheap labor costs. While there is truth to these criticisms, countries that have implemented free trade policies have mostly seen tremendous economic growth, which has lifted millions of their citizens out...