There are two main objections to free trade. The first is that freer trade results in some people losing their jobs or investments. This may be true in the short run but is almost always false in the long run. The second objection is that free trade only benefits the wealthy. In practice, more benefits tend to go low-income households by making what they consume more affordable.
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Additional resources:
Read “Dispelling Two Objections to Free Trade,” by David Henderson. Available here.
Read and watch “Free Trade,” a Policy Insights edition on PolicyEd. Available here.
Watch “The Historical Benefits of Trade,” by Douglas Irwin. Available here.
Read “The Rise of American Protectionism,” by Richard Epstein. Available here.
Watch “Trade, Technology, and Jobs: How to Think about Free Trade” on PolicyEd. Available here.
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