Full Answer Section

Who benefits and who loses?

American citizens: American consumers benefit from free trade because it gives them access to a wider range of goods and services at lower prices. American businesses can also benefit from free trade by exporting their products and services to other countries. However, some American workers may lose their jobs if they work in industries that are heavily affected by foreign competition.

Citizens of other countries: Citizens of other countries also benefit from free trade. They have access to a wider range of goods and services at lower prices, and they can export their products and services to the United States. However, some workers in other countries may lose their jobs if they work in industries that are heavily affected by competition from American companies.

Impact on my home country:

My home country is Canada. Canada is a major trading partner with the United States, and we benefit greatly from free trade. Canadian consumers have access to a wide range of American goods and services at lower prices than they would if there were tariffs and other trade barriers. Canadian businesses also benefit from free trade by exporting their products and services to the United States.

If the United States were to adopt a more protectionist approach, it would have a negative impact on Canada. Canadian consumers would face higher prices for American goods and services, and Canadian businesses would have more difficulty exporting their products and services to the United States.

Conclusion

I believe that the economic benefits of free trade outweigh the costs. Free trade leads to lower prices, higher quality goods and services, and increased economic growth for all countries involved. While some workers may lose their jobs due to free trade, there are a number of government programs that can help these workers find new jobs and retrain for new careers.

I urge the United States government to continue to encourage free trade with its trading partners. This will benefit American consumers and businesses, as well as the citizens of other countries.