Discussion Issue: In the wake of the Great Recession of 2008 the international appetite for large multi-lateral trade packages began to wane. As the effects of globalization become more pronounced, some policy makers began to advocate for a more restrictive approach to trade policy leading countries to adopt regional and bilateral trade agreements as compared to multilateral agreements. As the U.S. moves forward, the question before us is whether the U.S. should continue to adopt a more expansionist free trade policy, or should it seek to impose more regulations designed to protect American industry? This will be our topics of discussion this week.