quot;350 wordsquot; In the United States, many citizens are unhappy about entering into multilateral trade agreements (e.

"350 words"

 In the United States, many citizens are unhappy about entering into multilateral trade agreements (e.g., NAFTA) because they see them as exporting good jobs to low wage countries, and encouraging cheap imports which harm higher priced American goods. They prefer a policy of protectionism, where American goods are protected against foreign competition. While protectionism may be appropriate in specific situations, what are its deficiencies as a general policy?