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Non-tariff barriers (such as quantitative limits on imports and restrictive regulations) were also reduced. Cumulatively, these trade agreements brought about a revolution in U.S. trade policy, opening both the American and foreign markets to an unprecedented degree. This move to free trade wasn't just about economics.

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The Truths of Free Trade

It drives economic growth, enhanced efficiency, increased innovation, and the greater fairness that accompanies a rules-based system. These benefits increase as overall trade—exports and imports—increases. Free trade increases access to higher-quality, lower-priced goods.

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