The business world in the United States has changed dramatically over the last few decades. This is especially true when you consider major corporations that employ a large volume of people. The changes have been due in large part to outsourcing, which is essentially shipping jobs to other areas of the world. The major push towards outsourcing jobs was a direct result of the fact that companies can get work done cheaper when they look at other parts of the globe. For example, a manufacturing company may decide that they want to create a manufacturing plant in another country, rather than setting up shop in the United States.

A company can save quite a bit of money by setting up their operation in this manner, as business costs are far cheaper. The North American Free Trade Agreement and the Trans Pacific Partnership helped companies to make their products in other areas of the world, only to import them back to the United Sates. American consumers would buy their products and these businesses would make a substantial amount of money, all while avoiding hefty import taxes. The clear problem in this scenario is the fact that this dramatically diminishes the number of jobs in the United States. This has directly led to a major increase in the unemployment rate in the United States, making much harder lives for millions of Americans. Furthermore, millions of students have found themselves with a college degree and an inability to find even the most remedial of jobs.

Free trade is absolutely something that should be a part of the business world, but only when the deals are fair for both sides. The current presidential administration has addressed these issues and has made it clear that they intend to reform the trade deals that the United States is immersed in. Regardless of which side of the fence you stand on, in terms of an opinion on these trade deals, it is going to make a big impact on the United States economy. Many major corporations have come forward and said they intend to build new plants in the United States, creating tens of thousands of jobs in the process. The main reason that these companies are destined to come back to the United States, is the mere fact that it makes more sense from a financial sense. The new trade deals that are set to be imposed involve a thirty-five percent tax on any products coming into the United States, which have been manufactured in another country. In other words, it does not make sense for most large companies to make their products and hire employees in other parts of the world anymore. Furthermore, the current administration has withdrawn from the Trans Pacific Partnership and has intentions to renegotiate the North American Free Trade Association.

If the stock market is any indication of what is going to come in the near future in the United States, in terms of economic strength, things are truly looking bright. The stock market has hit a record high, and the economic wheels are starting to turn again in America. Global trade is truly something that is beneficial and necessary, but it has been clear that the American people have suffered from the specific deals that have been made in the past. Putting American citizens back as a first priority is something that appears to be on the horizon. Each and every corner of the business world is going to be affected by the influx of jobs that is in the forecast, which truly is great news for an economy that has been suffering.