Summary of The Economic Benefits of US Trade

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The Economic Benefits of US Trade summary
According to this White House policy report, workers in the United States have little to fear and much to gain from the new global trade deals.

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Recommendation

Globalization is good – good for America and the world – but it could be a whole lot better, according to this study from the Executive Office of the President. The Obama administration has plotted a course for global trade that it says will help American exports, support well-paying US jobs and throw a lifeline to the nation’s middle class. But as negotiations progress on two high-profile and often contentious treaties covering the Pacific and Atlantic regions, opposition to free trade builds in the United States and elsewhere. This well-researched report, while it cherry-picks the benefits and largely ignores the potential pitfalls, nevertheless stands as an essential primer for understanding the pro-trade viewpoint. While always politically neutral, getAbstract recommends this overview to policy makers, investment managers, executives and NGO leaders.

In this summary, you will learn

  • Why globalization is good for the United States
  • How President Barrack Obama’s trade proposals can benefit America’s economy, workers and middle class
  • How two prospective US trade deals with Pacific Rim countries and with the EU can change the face of global commerce
 

Summary

New Trade Policies
In 2015, the United States had 14 free trade agreements with a total of 20 partner countries. Thus the US economy already hugely benefits from free trade. However, more advantages are possible. In 2015, the US was among the countries that are most open to trade. At the...
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About the Author

The Executive Office of the President supports the administration in advancing US trade interests, among other critical governance responsibilities.


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