Recent economic reports, including some by the Economic Policy Institute (EPI), have delved into the devastating damages done to the American economy because of our sky-rocketing trade deficit. It’s no secret that the U.S. trade deficit is high. After all, our trade deficit is responsible for the transfer of over $1 billion a day to foreign countries. The EPI report took it a step further and claimed that our trade deficit increased our budget deficit by between $78.8 billion and $165.8 billion in 2012.
The bottom line is that endlessly searching for new “free trade” partners is not America’s most prudent strategy. Read More
Though most Americans still haven’t heard of it, the Trans-Pacific Partnership (TPP) is a disastrous “free trade” deal that is being negotiated in secret. Read More