Week 6 Writing Assignment: Trade Policies, American Politics (Essay Sample)
Using your book Krugman, P., Obstfeld, M., & Melitz, M. (2013). International economics: Theory and policy (9th ed). Upper Saddle, New Jersey: Prentice Hall and one additional reference please answer the following question.
1. Within contemporary legislation, find two trade policies that may be considered controversial and discuss how these affect American trade. Cite your sources appropriately.
Trade has played a significant role in shaping the American politics since the nineteenth century. Trade is intertwined with geopolitics and economic theories, hence its importance in the region. As a result, there are varied opinions on the regional trade policies among the scholars, politicians and even the citizens. North America Free Trade Agreement (NAFTA) and Trans-Pacific Partnership (TPP) are among the trade policies that have been deemed controversial in the region.
NAFTA trade pact was signed in 1992, which eliminated trade barriers, customs duties and some tariffs on goods being traded between Mexico, United States (U.S.) and Canada. Concisely, the policy created a free-trade among North America's largest countries. The free trade area increased trade and production among the countries, leading to the creation of millions of jobs CITATION IMD16 \l 1033 (Destler, 2016). According to McBride and Sergie (2017), the trade between the U.S. and the other two countries has tripled, growing at a fast rate that surpasses any other trade between the US and other countries. According to the report, an approximate of fourteen million jobs in t
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