The benefits of free trade have been a cornerstone of economic thought for decades. Recently, though, trade agreements have become the target of a populist backlash, with opposition to trade deals emerging as a key issue in the presidential race. At the same time, new research suggests that trade led to lower wages and higher unemployment for some Americans, particularly middle-class manufacturing workers. We asked Bloomberg View columnists Tyler Cowen and Noah Smith to meet online to debate the pros and cons of trade.
As President Barack Obama nears the end of his second term, he continues to push for more trade between the U.S. and countries around the world. What’s on his agenda? Lifting the Cuban trade embargo, passing the 12-nation Trans Pacific Partnership (TPP), and advancing theTransatlantic Trade and Investment Partnership (T-TIP)[…]Read More »