We all read about free trade, but do we truly understand its real world effects? So many of our possessions, from the clothes we wear to the foods we eat, come to us as imports. Is free trade the solution to high prices, or is the real cost more than we bargained for?
Senior Fellow, Hudson Institute
Free trade makes Americans better off because it results in a flow of inexpensive goods to American stores, increasing purchasing power and keeping inflation low. Our paychecks go farther because we can buy clothes made in the Philippines , maple syrup from Canada , and toys from China . Imagine if we could only buy goods made in America . We would have a lower standard of living.
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