Trade Rises Sharp Debate In Election Cycle

Trade Rises Sharp DebateDuring this year’s election cycle, the international trade has come up as a top campaign issue. There are a lot that the Americans are saying about the international trade. If you want to know more about this, here are some comments that will help you know the good and bad impacts of trade.

Mike John, a cattle rancher in Missouri stated that the pending TPP trade negotiation is highly important for the agricultural commodities, especially beef. There is a huge rise in the demand for beef in the Asian markets.

Dennis Roach, a truck driver, stated that jobs are moving to foreign countries, and we are shipping a number of products from overseas. He further added that most people have many clothes that are made in China, Japan, Indonesia, Taiwan, etc. and very few are the ones made in the U.S.

John Hickenlooper, Colorado Governor, stated that commerce between two countries existed even in history, and it led to the improvement of the quality of lives in both the countries.

Election Cycle1An MIT labor economist, David Autor, stated that in case he loses his job at a furniture factory where he had worked for decades, no cheap raincoats and toys that are sold at Wal-Mart will make him whole again.

The Congressional Research Service mentioned that NAFTA did not result in huge job losses that are feared by the critics or the huge economic gains that were predicted by the supporters. The overall effect of the NAFTA on the U.S. economy seems to be relatively modest.

John Hansen, the President of Nebraska Farmers Union, claimed that they have a more positive trade balance with the countries that they do not have an agreement with. We will better off if we did not do anything than we did a destructive thing, he added. He is also the opponent of the proposed agreement Trans-Pacific Partnership.

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