Free Trade, Good or Bad?

found online by Raymond

 
From Robert A. Levine at The Moderate Voice:

With Trump and Sanders arguing against trade pacts, is free trade good or bad for the U.S. The United States in 2015 reached a deal with eleven other Pacific nations for a trade zone called the Trans-Pacific Partnership (TPP) to lower trade barriers and establish rules and regulations for the involved countries. Approximately 40 percent of the global economy would be included in the partnership. However, first it has to be approved by Congress as well as legislative bodies in the other participating countries. While this would be helpful in counteracting the commercial power of China, there is a lot of opposition in the United States, with unions fearing job losses and environmental groups concerned as well. There is also Republican resistance over providing President Obama with any sort of victory by voting for the TPP. Multinational corporations for the most part are in favor of the pact.

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