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News Link • Economy - Economics USA

Equity of Trade Versus Free Trade

• N.O.R.M.
Our laissez-faire trade stance, when coupled with many nations’ protective trade stances and the inherent disparity of living standards around the world, is proving to be a recipe for ever-increasing trade deficits. Exacerbating the situation, GATT and NAFTA are proving difficult to implement when other nations improvise phony trade issues and drag their feet at every opportunity. Bottom line, the U.S. is having problems with free trade.

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