PATEL: Protect Americans With American Supplies | The Daily Caller

PATEL: Protect Americans With American Supplies | The Daily Caller:

One of the biggest benefits of the pandemic may be a fundamental rethinking of some of our major national policies, none bigger than international trade. The theory behind free trade is not complicated or new. Trade promotes economic efficiency and prosperity. In a nutshell, trade allows each nation to produce what it’s good at (based on all sorts of factors, starting with its particular natural resource base) and to trade for the rest. This specialization of labor, in theory, lifts all nations by allocating each task to its most efficient producer.