Introduction: A New Era of Trade
“Over the past generation , building economic bridges between countries has helped reduce by half the proportion of the global population living in extreme poverty. [i] It has reduced the cost of living, and has created hundreds of millions of new jobs with higher wages.
In the United States alone, one in five jobs today is supported by international trade in goods and services. [ii]
In that respect, trade is exceedingly beautiful—but there are challenges. We know that trade has not worked for everyone, and that some parts of the multilateral trade system are creaking. The current trade tensions are, in fact, a symptom of these underlying challenges.”
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