The North American Free Trade Agreement (NAFTA) cost United States workers 700,000 jobs. But another effect was to drive Mexican small farmers out of business.
In the brave new world of free trade, Costco makes tortilla chips and salsa in the US and trucks them to its stores in Mexico.
US Congress will soon debate whether to “fast-track” a trade deal that would make job-killers like NAFTA look puny. The Trans-Pacific Partnership is being negotiated by Australia, Brunei, Chile, Canada, Malaysia, Mexico, New Zealand, Peru, Singapore, the US and Vietnam.
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