Evolution of U.S. Trade Policy

U.S. trade policy has significantly evolved over the past decade, moving away from a focus on expanding trade for economic growth to addressing the potential risks associated with foreign competition, particularly from China. Historically, both Republican and Democratic administrations supported increasing trade opportunities to benefit American producers and consumers; however, this has shifted due to the perceived negative consequences of trade on domestic jobs. The ongoing debate has centered more on the challenges and job losses attributed to imports, which has caused a reevaluation of the net benefits of trade agreements. Current political leaders from both parties express increasing concern regarding the implications of expanding trade; rather than viewing trade primarily as an opportunity, they now focus on its associated risks and potential job losses.