- Words: 1644
- Length: 5 Pages
- Topic: Economics
- Paper #: 97694673
If good jobs are outsourced as a result of those same agreements and consumers are forced to take lower-paying jobs, there is no net benefit.
Furthermore, when producers benefit, the trade deficit improves. The current trade deficit is a good example. Consumers have benefitted the most from the current trade agreements. Agreements that give China most favored nation status, for example, allow for Chinese goods to be imported at low