Government officials have announced that they are nearing the completion of a trade deal with America’s Asian and Pacific trading partners. This trade deal would expand free trade with Australia, Malaysia, Japan, China and other countries in the region.
According to government statistics America’s trade deficits have increased due to free trade in other regions. Before the start of the Central America Free Trade Agreement (CAFTA), the United States had trade surpluses with most nations involved. Now the United States has trade deficits with most. The same data shows that since the start of free trade agreements with NAFTA in 1992, America’s trade deficit rose from 39.2 billion dollars to 559.8 billion in 2011, or an increase of over 1428 percent.
The United States’ largest trade deficits are with Asian countries. Based off trends with CAFTA and NAFTA, it is safe to assume that a free trade deal with these nations will increase deficits.
The Reform Party stands against expanding free trade in any way. The party believes that it stands on the side of the American people. A 2011 opinion poll showed the American public has moved from “broad opposition” to “overwhelming opposition” toward NAFTA-style trade deals. An NBC News-Wall Street Journal poll from September 2010 revealed that “the impact of trade and outsourcing is one of the only issues on which Americans of different classes, occupations and political persuasions agree” with 86% believing that outsourcing jobs “a top cause of our economic woes,” and 69% indicating that “free trade agreements between the United States and other countries cost the U.S. jobs.” Only 17% of Americans in 2010 felt that “free trade agreements” benefit the U.S., compared to 28% in 2007.
The Reform Party stands with the majority against expanding free trade. The Reform Party calls on the US Legislature to vote NO on any expansion of free trade. The Reform Party calls on President Barack Obama to VETO any legislation that would expand free trade.