U.S. trade policy has tended to focus on reducing tariffs and other barriers to trade.

Question

Quizplus · Accepted Answer

This statement is true. Historically, the United States has pursued a policy of reducing tariffs and other barriers to trade as a means of promoting economic growth and expanding international trade. This approach is based on the principle of free trade, which holds that if countries are allowed to trade with each other without undue barriers, the economic benefits will accrue to both parties. In recent years, however, there has been increasing debate over the value of free trade and the impact it has on domestic industries and workers.

US Trade Policy Has Tended to Focus on Reducing Tariffs