ABSTRACT FROM CATO
Since economic agreements reducing trade restrictions and supporting free trade normally come from negotiations, it makes sense that the chief negotiator of the country, the President, should have the ability to make agreements with other nations on behalf of the U.S. Free trade gives people a larger number of goods and services to choose from, accompanied by lower prices for those choices. Trade also gives domestic producers higher productivity in our comparative advantages, allowing the U.S. to focus on producing what it is best at. If the President were allowed fast-track authority, while excluding special interests like labor and environmental standards, the movement towards beneficial free trade would be realized much quicker.
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