US can't afford another decade without new free trade agreements
As 2022 winds down, it is worth noting that it has now been 10 years since the United States entered into a free trade agreement (FTA) with new trading partners. Despite claims that the United States is a “hyperglobalist,” the reality is much different. In fact, as Adam Posen of the Peterson Institute for international economics noted in his excellent Foreign Affairs essay last year, the United States has been withdrawing from international economic integration for about 20 years. The consequences of a stagnant trade agenda will become more apparent and pronounced as time passes.