For decades, U.S. policy prioritized free trade as a way of cementing political alliances and allowing consumers and businesses alike to access cheap goods. With the rise in trade came many benefits: lower-priced goods, a wider variety of goods and services, and a fast-growing economy. But rising trade deficits, supply chain vulnerabilities, and manufacturing job losses have prompted a shift in focus. This week’s Markets in a Minute explores the evolution of U.S. trade policy and what it means for the economy going forward. |
Markets in a Minute : Trading Places: How the U.S. Became a Nation of Importers
