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 moreOn the eve of voting on trade deals that will send even more North American jobs overseas, the Washington Post reports that “for the first time, lawmakers, businesses and even White House officials are courting consumers from cash-rich countries such as China, India and Brazil to fill the nation’s shopping malls and pick up the
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 moreThe Panama Free Trade Agreement is one of three pending Bush-negotiated free trade agreements (FTAs) lawmakers are now trying to ram through to final passage. But Congress must vote “No” on the bad trade deal. Panama is one of the world’s worst tax havens, allowing the rich and an estimated 400,000 corporations, including many U.S.
Read more