Presidents of both parties from Clinton through Obama have sold free trade agreements on the basis of export growth. But free trade agreements impact a lot more than exports—they increase imports and encourage outsourcing, which means fewer American jobs.
What should we do?
We should stop negotiating new free trade agreements, and work to fix the ones we have. The United States needs to base its projections on the real impact of free trade agreements—including effects on exports and imports, outsourcing, wages, and employment.