free trade

JHI on the Issues 2016: Who Benefits More from NAFTA?

JHI on the Issues 2016:  Who Benefits More from NAFTA?

The implied proposition—which has been more explicitly stated in the past—that Mexico “benefits more” from a “defective” NAFTA agreement is imprecise, hard to measure, and overlooks two critically important effects of NAFTA for the United States.  NAFTA has made U.S. businesses 1) better able to compete in the globalized world and has 2) raised standards of living in the United States by lowering the costs of commercial goods. Americans are now able to afford more products because of overall lower prices.

JHI on the Issues 2016: Does the Trans-Pacific Partnership (TPP) Set the Gold Standard in Trade?

JHI on the Issues 2016:  Does the Trans-Pacific Partnership (TPP) Set the Gold Standard in Trade?

Both presidential candidates oppose TPP and seem to oppose any new trade agreements.  Over the past year, political support for free trade has taken a beating.  But as a matter of policy, TPP is crucial to U.S. economic and national security interests since it would draw in U.S. allies, counter-balance China’s aggressive economic and military policies, and re-write the region’s economic rules based on American interests.