The United States joined the World Trade Organization (WTO) in the mid-1990s with the promise of increased prosperity, but the result has been quite the opposite. Our membership in the WTO has stripped us of jobs, as well as our ability to choose the best policies for our country. The WTO is the embodiment of the free trade principles that have failed our country again and again. We must rid ourselves of our obligation to this job-killing organization if we ever want to restore America’s economic greatness.
Tag Archives: WTO
The United States was once the world’s factory. We manufactured everything. Since opening up our borders through “free trade” agreements, we have not only lost that title but have put millions of Americans out of work in the process. Any American looking at the facts can see that “free trade” has been a bad deal for the United States.
One of the main reasons our Free Trade Agreements (FTAs) do not work is due to the fact that other countries immediately implement a value-added tax system after joining the World Trade Organization (WTO), while the U.S. still has not implemented a VAT. Free Trade Agreements either eliminate all or most of the tariffs between two countries. Once a country joins the World Trade Organization (WTO) that country then almost immediately implements a VAT system or raises their VAT to replace their tariffs. The VAT acts just like a tariff but is entirely in line with WTO standards. The result of this system is that American exports are essentially blocked by other nations.