Enormous, Humongous Trade Deficits Widen, Further Exposing Failed Policy [View all]

[Panich52]

Enormous, Humongous Trade Deficits Widen, Further Exposing Failed Policy

In December the trade deficit in goods and services made its largest percentage jump in more than five years and the 2014 yearly total is its highest since 2012 – which begs the question: Why is the Obama administration doubling down on the failed trade policies of its predecessors? ... Since the Korea Free Trade Agreement, our trade deficit with Korea has surged more than 80 percent, which equates to the loss of more than 70,000 U.S. jobs ... We don’t need more corporate-dominated, rigged trade agreements. Instead we need to fix the agreements we already have.

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