Eagle Forum Legislative Alerts

Tuesday, September 03, 2013

Trade Agreements Cause U.S. Unemployment

Trade agreements with other countries, which are energetically promoted by rich groups in both political parties, are supposed to be about increasing job-creating exports. They are not. Those trade agreements are about creating imports from low-wage countries that usually cheat us coming and going.

Do you remember NAFTA? That's the short name for the North American Free Trade Agreement. NAFTA was predicted to create 20,000 new U.S. jobs by increasing our exports to Mexico. That turned out to be another pipe dream; by 2010 NAFTA had eliminated 682,900 U.S. jobs, some in every state. The year before NAFTA, the U.S. ran a $1.6 billion trade surplus with Mexico. Last year, the U.S. ran a $64 billion deficit. Even our friend South Korea is into the cheating racket. In order to sell us some products even cheaper than those produced by their own low wages, South Korea arranged for some products to be manufactured over the border in North Korea, which means we are helping to finance North Korea to build its nuclear weapons to threaten us.

The U.S. has consistently run trade deficits with South Korea ($13 billion last year) according to the U.S. Census Bureau. The deficit soared after the trade agreement took effect. Since 2000, the United States has lost almost a third (5.5 million) of our manufacturing jobs (according to the Congressional Research Service).

The evidence is so overwhelming that one wonders about the honesty of those who advocate more such trade deals. Do they really want American workers to be in competition with low-wage countries that don't respect any of our hard-fought employment rights and benefits, and work in conditions where the building can collapse at any time. (A few months ago a building did collapse, killing more than a thousand employees.) The trade agreements are a violation of U.S. sovereignty and our Constitution. They are all bad news for Americans.

Listen to the radio commentary here:

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