Trade status: It's complicated

May 3, 2017

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Joe Davis

Joe Davis
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Global trade has grown by more than 27 times since 1950 as a result of open-trade policies and technological change. Today, the United States and China account for 30% of the world's exchange of goods and services. But free trade has come under scrutiny globally because of significant job losses in certain sectors and increasing economic inequality. In the United States, much attention has been placed on the growing trade deficit. The inability, however, of news headlines to convey the complexity of U.S. trade has led to many misconceptions.

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