5. There is no point in the United States complaining about trade policies in Japan and Europe. Each country has a right to do whatever is in its own best interest.
Instead of complaining about foreign trade policies, the United States should let other countries go their own way, and give up the prejudices about free trade, and follow suit. Discuss both the economics and political economy of this viewpoint.

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Economically the Japanese producers are price discriminating across the United States and Japanese m... View the full answer