Economics & National Interest

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" Throughout its history, the United States has supported the free trade system. Ideally, this system is designed to keep international trade open and to prevent governments from imposing restrictive tariffs or quotas on the importing or exporting of goods. Recently, however, there have been increased complaints among American politicians that some of our major trading partners are engaging in unfair practices. For example, some foreign firms have engaged in the practice of "dumping," in which goods are exported at a loss "in order to drive other products out of the marketplace" (Bonker, 1988, p. 32). Furthermore, some foreign governments have adopted policies which give an unfair advantage to the companies of their own nations. These governments often provide subsidies to companies that utilize aggressive exporting techniques. In addition, these governments.."

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