Any alleged benefits from the Korea-U.S. free trade agreement (KORUS), which was signed into law last week by President Barack Obama will certainly come at a high cost. In addition to the 159,000 lost American jobs predicted by economists, the Congressional Budget Office (CBO) estimates the trade agreement will cost the United States approximately $7
Read moreAmerican Jobs Act: Majority Leader Harry Reid will bring the American Jobs Act for vote on Tuesday evening October 11th. Let your representatives in Washington know where you stand on this critical issue – contact them at 1-888-659-9401 or send them a message by clicking here and here. Additionally, join the Machinists, unemployed workers and
Read moreIn 1994, Congress introduced the North American Free Trade Agreement (NAFTA) as the solution for jobs expansion and prosperity for the American people. Seventeen years later, NAFTA has yet to live up to its promise. Costing Americans 682,900 in lost or displaced jobs, the trade deficit with Mexico stands at a mind-boggling $97.2 billion. As
Read moreA new IAM graphic details steps to achieving fair U.S. trade policy, as opposed to the unfair, seriously-flawed South Korea, Colombia and Panama Free Trade Agreements now under debate in Washington. Fair trade puts people and their communities before billionaire CEOs and their transnational corporations who have no loyalty to the workers who made them
Read morevia Huffington Post WASHINGTON — In 2004, Hyundai inked one of the best land deals in history. For a mere $12 million, the South Korean car company secured the rights to 50 years of use on over 41,000 square miles of industrial space — $292 per square mile, only about 10 percent higher than the
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