Since 2001—the year the U.S. entered the World Trade Organization (WTO)—our trade deficit with China has more than tripled. In that same time period, we have lost over 3 million manufacturing jobs; from 2001 to 2009, the U.S. lost 42,400 factories. This is not a coincidence.
The Follies of Free Trading
America is in open competition with the very countries from which we buy our goods and finance our government. These countries supply our consumption while simultaneously competing fiercely against our companies in international markets. India, Japan and China consistently rail against “protectionism” in the U.S., because they do not want their unfettered access to the U.S. market tampered with.















