Beyond Free Trade vs. Protectionism

There was a glimmer of hope as the year began that President Obama and Congress might be able to find common ground on trade policy, if on nothing else. In his State of the Union address, the president trumpeted his plan to conclude an ambitious new market-opening agreement, the Trans-Pacific Partnership (TPP). Meanwhile, House Ways and Means Committee chairman Paul Ryan, a leading steward of Republican trade policy, committed to pressing forward with legislation to give the president "trade promotion authority," meaning that any deal would be guaranteed a simple up-or-down vote in Congress.

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