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Episode Summary

On this edition of Radio Free Acton, international trade attorney and Cato Institute Adjunct Scholar Scott Lincicome joins us to give us the real story on the benefits of international trade for the United States, and dispels some myths about the impacts of trade on U.S. industry and consumers. Often, free trade is portrayed as the enemy of American workers, stealing away jobs and creating massive trade deficits. Lincicome explains that while free trade does contribute to the process of creative destruction that can cause upheaval within an economy, the benefits of trade to consumers and to the overall economic health of the country far outweigh the costs.