Friday, September 27, 2019

Toward a Freer Trade Deal With Canada and Mexico

One significant way to help inoculate the economy from a slowdown-and to make it hum along even faster-is more free trade.

Trade issues aren't just the concern of policy wonks-they're critical to the American way of life.

Free markets, economic freedom, and free trade have enabled hundreds of millions of people around the world to escape poverty.

As President Ronald Reagan said, "The winds and waters of commerce carry opportunities that help nations grow and bring citizens of the world closer together. Put simply, increased trade spells more jobs, higher earnings, better products, less inflation, and cooperation over confrontation. The freer the flow of world trade, the stronger the tides for economic progress and peace among nations."

Currently, President Donald Trump is asking Congress to pass the United States-Mexico-Canada Agreement, a trade pact that would replace the old North American Free Trade Agreement.

Twenty-five years of more open trade between the United States, Mexico, and Canada has allowed North America to become one of the most competitive regions in the world for manufactured goods.

These policies create barriers to trade rather than free it up, making goods and services more expensive or stifling trade altogether.

https://www.dailysignal.com/2019/09/26/toward-a-freer-trade-deal-with-canada-and-mexico/

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