Question
Trade agreements can ease the pain of a possible global recession Trade agreements to the extent that their policy commitments are upheld will help U.S.
Trade agreements can ease the pain of a possible global recession
Trade agreements to the extent that their policy commitments are upheld will help U.S. export-dependent industries, such as the automobile industry and capital goods, including aircraft and electronic machinery and equipment such as semiconductors.
The findings are based on an economic model in the study that uses data on firms' international trade decisions during the 2008 recession and recoverya period when international trade collapsed and fear of a trade war was initially widespread.
In what ways is this information supportive of FTA's?
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