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Explaining America’s Trade Policy
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Free trade Pros and Cons
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2.8K views · 99 reactions | In 1846, Britain made the big decision to remove duties and tariffs on foreign goods — opening their markets to free trade. Although this gave home-market merchants less control of the market, it allowed their economy to expand, increased the standard of living, and enabled Britain to become the workplace of the world. https://bit.ly/3hYuRJp | PolicyEd | Facebook
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2.8K views · 99 reactions | In 1846, Britain made the big decision to remove duties and tariffs on foreign goods — opening their markets to free trade. Although this gave home-market merchants less control of the market, it allowed their economy to expand, increased the standard of living, and enabled Britain to become the workplace of the world. https://bit.ly/3hYuRJp | PolicyEd | Facebook
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Free Trade Agreement Overview
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2.8K views · 99 reactions | In 1846, Britain made the big decision to remove duties and tariffs on foreign goods — opening their markets to free trade. Although this gave home-market merchants less control of the market, it allowed their economy to expand, increased the standard of living, and enabled Britain to become the workplace of the world. https://bit.ly/3hYuRJp | PolicyEd | Facebook
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112 reactions · 15 shares | Why is free trade so heavily contested? Many believe that free trade only benefits the wealthy, but in the long run, almost everyone gains from removing restrictions on trade. Free trade benefits low-income households by making what they consume more affordable. And while it is true that some job losses may occur in the short run, this objection is almost always false in the long run. | PolicyEd | Facebook
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98 reactions · 33 shares | Free trade means consumers get to buy goods in the cheapest possible market. Tariffs, on the other hand, equate to the government mandating that consumers buy more expensive products, even if cheaper ones are available. Watch this ‘Friedman Fundamentals’ video to learn more. https://bit.ly/374rFa4 | PolicyEd | Facebook
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