Trade agreements help the US capitalize on its comparative advantage, but they also reduce "job churn," or the loss of less desirable jobs.
In theory, trade agreements should benefit consumers by expanding choice, enabling access to higher-quality goods, and lowering prices by reducing trade barriers on imported goods.
Trade agreements often eliminate trade obstacles, fostering economic expansion, productivity, technological development, and, most significantly for our economy, consumer welfare. For customers, lower pricing and a larger assortment of goods are benefits. Lowering export obstacles, protecting American interests in countries where they compete, and bolstering the rule of law are the main goals of trade agreements for the United States.
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