- Free trade agreements delivered negligible economic gains: All U.S. trade deals through 2017 increased exports by only 1.6%, while imports surged 3.4%.
- China and NAFTA caused massive U.S. job losses: Between 1999 and 2011, trade from China displaced 2.0 to 2.4 million jobs, while NAFTA led to a net loss of 1.02 million jobs from 1993 to 2004.
- Exports play a minor role in the U.S. economy: Exports make up just 11% of U.S. GDP, while 89% of economic activity comes from domestic demand—yet trade policy continues to prioritize foreign markets.
- Trade benefits are captured by multinationals, not small businesses: The top 1% of U.S. trading firms—about 2,000 companies—account for over 80% of trade, and 90% of them are also major importers.
- Trade liberalization contributed to historic inequality: From 1979 to 2021, the top 0.01% saw income grow 27× faster than the bottom 20%, while the bottom 90% lost $47 trillion in income to upward redistribution since 1975.Read the article.
UNCONSTITUTIONAL
Our Founding Fathers Rejected
FREE TRADE And So Should We
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