You might say most of the examples provided have …show more content…
A great example of the incompetence in American international trade deals is NAFTA (North American Free Trade Agreement) in which negative outcomes include a staggering $181 billion U.S. trade deficit with NAFTA partners Mexico and Canada, and the related loss of 1 million net U.S. jobs under NAFTA. The “Worldpost” conducted a study in which they tracked specific promises made by U.S. corporations like GE, Chrysler, and Caterpillar to create specific numbers of american jobs if NAFTA was approved. This study showed that instead of an increase in jobs, they fired U.S. workers and moved operations to Mexico. Given NAFTA’s record of damage, President Barack Obama joined the corporate Pinocchios who lied about NAFTA, recycling similar claims to try to sell the Trans-Pacific Partnership (TPP), which is basically NAFTA on