Net gain to free trade according to economic theory

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It is no secret that China has a large trade surplus with the United States. Our open and large markets are very attractive to manufacturers all across the globe. Is it in the long run interest of the United States to maintain such trade deficits? Are there any benefits to open trade for the US? Is there a net benefit or net gain to free trade according to economic theory? Do you agree with that theory?

Reference no: EM131388853

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