- November 07, 2016 -

​Clinton’s Globalist Trade Policies Have Been Devastating for American Jobs

To: Interested Parties
From: Curtis Ellis, Senior Policy Advisor 


The globalist trade policies of Hillary Clinton have been devastating for the American people and American businesses.


Michigan, Ohio, Pennsylvania, North Carolina and New Hampshire have been hit especially hard as thousands of factories moved offshore or were forced into bankruptcy by a flood of cheap imports.

Over the last 25 years, Bill and Hillary Clinton championed so-called “free trade” deals like NAFTA, China’s entry into the World Trade Organization and the Korea-U.S. Free Trade Agreement. These deals benefited the elite corporate interests that finance the Washington politicians, but they destroyed the livelihoods of working Americans and impoverished our heartland.

And the worst is yet to come. The Trans-Pacific Partnership (TPP), another globalist trade deal, would move what’s left of American industry to Asia. Hillary Clinton helped negotiate the deal, and she promised to enact it once the election is over. Donald Trump will stop it, even if Congress approves it in a lame duck session against the will of the people.

Much of the U.S. automobile industry– a major driver of the economy in Michigan, Ohio and Pennsylvania - left the United States and moved to Mexico following NAFTA. With the TPP, what’s left of North America’s automotive industry and its suppliers – machine shops, die-cast, and injection molding outfits - will be wiped out.


Michigan

Michigan has suffered from the Clinton-Obama policies that sent our jobs and factories to other countries.

Michigan has lost more than a quarter of its manufacturing jobs – over 210,000 jobs – since Clinton’s NAFTA and China trade deals went into effect.

Three of every five who were rehired in 2014 took home smaller paychecks, and one in three took pay cuts of more than 20 percent, according to Department of Labor data. The Labor Department’s Trade Adjustment Assistance (TAA) program certifies that more than 157,000 Michigan jobs have been destroyed by offshoring or imports since NAFTA. These numbers significantly undercount the full impact as TAA only covers some of the jobs lost to trade.

Michigan farmers lost out too. U.S. exports to Canada and Mexico of cattle – one of Michigan’s top agricultural products - fell 46 percent in the first 21 years of NAFTA.

After the Korea Free Trade Agreement, the U.S. trade deficit with Korea in the top ten products that Michigan exports to Korea – including everything from vehicles to machinery to metal manufacturing – grew 54 percent as exports stagnated and imports rose.

The TPP that Hillary supports will kill even more Michigan jobs as more of the automotive industry and its suppliers move to China and Southeast Asia.

The TPP would allow a majority of the component parts of a car assembled in Mexico to be made in China or other countries even though they are not signatories to the TPP.

The TPP would wipe out what’s left of the U.S. automotive industry and the machine shops, tool-and-die makers, die-casters, foundries and injection molding outfits that feed it.


Ohio

Ohio lost more than 307,000 manufacturing jobs – one out of every three – since Clinton’s NAFTA and China trade deals went into effect in 1994.

U.S. manufacturing workers who are laid off due to trade are typically forced to take pay cuts when they do find new jobs. Three of every five who were rehired in 2014 took home smaller paychecks, and one in three took pay cuts of more than 20 percent, according to Department of Labor data. The Labor Department’s Trade Adjustment Assistance (TAA) program certifies that more than 145,000 Ohio jobs have been destroyed by offshoring or imports since NAFTA. These numbers are a significant undercount as TAA only covers some, but not all, jobs lost to unfair trade.

Ohio farmers lost out too. U.S. exports to Canada and Mexico of cattle and hogs fell 46 and 76 percent, respectively, in the first 21 years of NAFTA.

In 2012, the Obama administration announced it had fixed the problems in past trade agreements. Secretary of State Hillary Clinton promised us that this new Korea deal – she called it “cutting edge” -- would create 70,000 jobs and boost exports. In reality, the U.S. trade deficit with Korea in the top 10 products that Ohio exports to Korea – from machinery to transportation equipment – ballooned 58 percent in the FTA’s first four years as exports actually fell and imports from Korea rose.

After the Korea Free Trade Agreement, U.S. exports to Korea of Ohio’s top two agricultural products - soybeans and corn –dropped.

The TTP that Hillary supports will kill even more Ohio jobs as more of the automotive industry and its suppliers move to China and Southeast Asia.


Pennsylvania


Pennsylvania has lost more than a third of its manufacturing jobs – over 308,000 jobs - since Clinton’s NAFTA and China trade deals went into effect.

Pennsylvania farmers lost out too. U.S. exports to Canada and Mexico of cattle – one of Pennsylvania’s top ag products - fell 46 percent in the first 21 years of NAFTA.

After the Korea Free Trade Agreement, the U.S. trade deficit with Korea in the top ten products that Pennsylvania exports to Korea – including everything from vehicles to machinery to metal manufacturing – grew 54 percent as exports stagnated and imports rose.

The TPP that Hillary supports will kill more Pennsylvania jobs.


North Carolina

North Carolina saw 43 percent of its manufacturing jobs vanish – over 348,600 jobs – since the Clinton NAFTA and China trade deals went into effect.

U.S. manufacturing workers who are laid off due to trade are typically forced to take pay cuts when they do find new jobs. Three of every five who were rehired in 2014 took home smaller paychecks, and one in three took pay cuts of more than 20 percent, according to Department of Labor data. The Labor Department’s Trade Adjustment Assistance (TAA) program certifies that more than 217,000 North Carolina jobs have been destroyed by offshoring or imports since NAFTA. These numbers are a significant undercount as TAA only covers some, but not all, jobs lost to unfair trade.

NAFTA destroyed North Carolina’s textile and apparel industries, but high-tech industries have been hurt by the deal, too. In the last 18 years of NAFTA, a small U.S. trade surplus with Mexico and Canada in computer and electronic products – one of North Carolina’s top exports to NAFTA partners – has turned into a $39 billion trade deficit. The new tech trade deficit, along with ballooning NAFTA deficits in automotive and other manufacturing sectors, has driven a substantial increase in the U.S. NAFTA deficit in North Carolina’s top 10 exports to NAFTA partners.

North Carolina farmers lost out as well. U.S. exports to Canada and Mexico of cattle, one of North Carolina’s top agricultural products, fell 59 percent in the first 22 years of NAFTA.

In 2012, the Obama administration announced it had fixed the problems in past trade agreements. Secretary of State Hillary Clinton promised us that this new Korea deal – she called it “cutting edge” -- would create 70,000 jobs and boost exports. In reality, the U.S. trade deficit with Korea in the top 10 products that North Carolina exports to Korea – from machinery to agricultural products – ballooned 64 percent in the FTA’s first four years as exports actually fell and imports from Korea rose.

The overall U.S. goods trade deficit with Korea surged $15.4 billion (99 percent). Auto parts and vehicles from Korea accounted for over three quarters (75.2 percent) of the increased trade deficit.

In the first four years of the Korea Free trade Agreement, U.S. exports to Korea of poultry products – a top North Carolina agricultural product – fell 35 percent compared to the annual average of the four years before the agreement.

The TPP that Hillary supports will kill more North Carolina jobs.


New Hampshire

New Hampshire has lost a third of its manufacturing jobs - more than 23,000 jobs – since Clinton’s NAFTA and China trade deals went into effect. The Department of Labor’s Trade Adjustment Assistance (TAA) program certifies more than 12,000 New Hampshire jobs have been destroyed by offshoring or surging imports since NAFTA. These numbers are a significant undercount as TAA only covers some, but not all, jobs lost to trade.

New Hampshire farmers lost out too. U.S. exports to Canada and Mexico of cattle – one of New Hampshire’s top ag products - fell 59 percent in the first 22 years of NAFTA.

Hillary Clinton supported the “new, improved” Korea trade deal and said it would create more exports and more jobs. In reality, the U.S. trade deficit with Korea surged $15.4 billion (99 percent). The increase in the U.S. trade deficit with Korea equates to the loss of more than 102,500 American jobs in the first four years of the deal.

After the Korea Free Trade Agreement, the U.S. trade deficit with Korea in the top ten products that New Hampshire exports to Korea – including everything from machinery to transportation equipment – grew 23 percent as exports stagnated and imports rose.

In the first four years of the Korea FTA, U.S. exports to Korea of apples and milk – two more of New Hampshire’s top agricultural product – fell 8 percent and 88 percent respectively compared to the annual average of the four years before the FTA.

The TPP that Hillary supports will kill many more New Hampshire jobs and expose New Hampshire to costly litigation

The TPP grants special rights to thousands of foreign corporations to sue New Hampshire and the U.S. government before secret international tribunals. These can award the corporations unlimited sums to be paid by America’s taxpayers, including for the loss of expected future profits. These foreign corporations need only convince the lawyers that a U.S. law or New Hampshire law violates their TPP rights. Their decisions are not subject to appeal and the amount that can be awarded has no limit.