The World Trade Organization Is Destroying U.S. Sovereignty
For almost two decades the U.S. has been living with the results of joining the World Trade Organization (WTO). The WTO is a self-serving and undemocratic organization that operates outside of our control. The U.S. Constitution states that all treaties made under the authority of the United States become supreme law of the land (Article VI). When our government signed the WTO treaty, unbeknownst to most Americans — including our legislators — our sovereignty was given away.
What this means is that our laws, regulations and administrative procedures are now open to challenge.Why do we allow foreign individuals to dictate our trade policy? Shouldn’t we be governing ourselves?
The most recent example of this is last Monday where the World Trade Organization agreed to side with both China and India in cases concerning U.S.-imposed tariffs on products exported to America. The ruling was concerning America’s use of tariffs to tax certain imports dating back to 2007. This is outrageous to Americans as it should be none of their business how we conduct our affairs.
By purposefully undervaluing their currency, China already subsidizes their exports – some estimates put this subsidy at nearly 30 percent. This practice has allowed America’s trade deficit with China to balloon since China joined the WTO in 2001 when they held a small trade surplus of $84 billion with us. By 2010, that number had grown exponentially to $278 billion, growing over $21 billion per year on average.
With the U.S.-China trade deficit exploding, more job losses are forecast for the future. The Economic Policy Institute claims that unless the trade deficit is brought under control, 12 million information-based jobs in the U.S. will be highly susceptible in the future. This can be seen today in what some are calling the jobless “recovery.” Without jobs, there can be no recovery.
Beyond the quantifiable numbers of economic hardship here in America, the WTO is inherently wrong for other reasons. The organization has little to no transparency as all of its hearings are closed to the public. Whenever WTO members feel they have been wronged, they can file a complaint against the offending country. A panel of unelected bureaucrats then adjudicates the disputes. Nine out of ten times a complaint has been brought against the United States, the WTO panel has ruled against us.
Something must be done to fix our nation! We must get out of the WTO now!