For much of U.S. history, the American business community sought high tariffs to protect itself against competition from foreign imports. By the late 1900s, however, the business community generally supported free trade agreements, for various reasons. Which of the following was NOT one of those reasons? Group of answer choices Free trade agreements would open foreign markets to American goods and services, allowing American businesses to increase their exports. Many American businesses had created global supply chains in which intermediate products obtained from different countries were assembled in another country for sale in still other countries and barriers to trade disrupted their supply chains. A weak dollar meant that American businesses would not have to worry about competition from cheap imports. Trade agreements protected their assets abroad against mistreatment by host governments, making it safe to locate subsidiaries in other countries.

For much of U.S. history, the American business community sought high tariffs to protect itself against competition from foreign imports. By the late 1900s, however, the business community generally supported free trade agreements, for various reasons. Which of the following was NOT one of those reasons? Group of answer choices Free trade agreements would open foreign markets to American goods and services, allowing American businesses to increase their exports. Many American businesses had created global supply chains in which intermediate products obtained from different countries were assembled in another country for sale in still other countries and barriers to trade disrupted their supply chains. A weak dollar meant that American businesses would not have to worry about competition from cheap imports. Trade agreements protected their assets abroad against mistreatment by host governments, making it safe to locate subsidiaries in other countries.