Part 5/8:
Critically, trade is not merely an economic statistic but a factor that fundamentally rewires aspects of the global economy. The conversation brings to light the dangers of oversimplifying this issue and the reality that businesses and individuals have thrived for many years due to beneficial trade agreements. The ability to get cheaper goods from other countries has often come with the cost of shrinking the domestic manufacturing base. This imbalance has raised significant concerns regarding the long-term sustainability of an economy heavily reliant on imports.