Why Free Trade is Good for the EconomyWhat is free trade? Free trade is “international trade left to its natural course without tariffs, quotas or other restrictions”. At the moment the United States and China are guilty of not trading freely; however, most of the blame could be placed on the United States for imposing tariffs on some products from China. For many years free trade has been scrutinized to determine whether it is actually beneficial to the economy or harmful to the economy. Many economists have different opinions on free trade, and some major controversies have arisen from the discussions they have exchanged. Some of the reasons why free trade is beneficial are that it helps the economy grow and prosper, as well as improve everyone's lives and it also helps manufacturers create their products at low costs. Honestly, I think we should support free trade because there are many more benefits than people really think. In this essay I will discuss why free trade is really beneficial and almost vital to having a good economy. My first point is how free trade improves the lives of everyone involved in the free trade process. Arthur Foulkes, a writer for The Freeman, states that “The magic of commerce allows us to improve our lives while improving the lives of others” (1). Foulkes talks about how he tried to teach fifth graders some of the qualities of free trade with others and states that, "As long as the people who trade do so voluntarily, trade is always a win-win proposition" (1). By stating this, Foulkes means that as long as people are not forced into or pay for the trade, then everyone involved in the trade wins, thus making everyone's life better. Arthur Foulkes does many good p...... middle of paper ...... which have been put in place by the Government. I believe we should let free trade in and see the benefits because without trying we will never truly know how free trade benefits our lives and our economy. Other countries will also follow which will help everyone in the long run. Works Cited Tupy, Marian. “Free trade benefits everyone.” Cato Institute. Web. November 2, 2013. Hadas, Edward. "Breakingviews - Ethical economics: the false idol of free trade." Business and financial news, Latest news from the United States and the world. Web. October 16, 2013 Foulkes, Arthur “The Magic of Free Trade: The Freeman: Foundation for Economic Education.” Brian. “Free trade in theory and practice”. The new American Web. November 2, 2013 Friedman, Milton, and Rose Friedman “The Case for Free Trade".. 2013.