Growing protectionism in the US

Many in the US believe that emerging economies like India or China are dumping cheap goods into the US markets and eating away manufacturing jobs. Outsourcing to Indian IT companies is taking service sector jobs away from the US to the Indian cities. They think that increased demand in fast-growing emerging markets is responsible for higher oil prices. Their solution: the US should stop practising free trade, as it is not serving its economic interest well.

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