In 2010 our total trade with the those 17 countries was $1.115 trillion. We had a deficit of $71.1 billion (
6.5% of the total).
In 2010 our total trade with the rest of the world was $2.108 trillion. We had a deficit of $574.8 billion (
27.2% of the total).
http://www.census.gov/foreign-trade/balance/index.htmlThis hardly makes a case that trade agreements are the cause of our poverty especially in light of the fact that progressive Western countries in the world have much less poverty, much more equitable distributions of income and much more trade (and trade agreements) than we have.
What the progressive countries DO have are strong unions, high and progressive taxation, an effective social safety net, better regulation of corporations and national health care. While the increase in US poverty has COINCIDED with proliferation of trade agreements, it was CAUSED by the conservative push (started under Reagan) to weaken unions, cut taxes for the rich and corporations, slash the safety net and eliminate regulations and oversight of the corporate world - all actions taken by AMERICANS targeting the welfare of other AMERICANS.
In one sense republicans have finally abandoned their historical commitment to high tariffs (the Fordney-McCumber-Coolidge Tariff of 1922 and the Smoot-Hawley-Hoover Tariff Act of 1930) and been converted to the FDR view that lower tariffs and multilateral control of trade are good for the country and world.
I wonder sometimes whether the belated conversion of republicans to FDR's viewpoint on trade has caused some to reflexively question whether FDR was right and to adopt the old republican position that tariffs are good."
When the Republicans regained power after the war they restored the usual high (tariff) rates, with the
Fordney-McCumber Tariff of 1922. When the Great Depression hit, international trade shrank drastically.
The crisis baffled the GOP, and it unwisely tried its magic one last time in the
Smoot-Hawley Tariff Act of 1930. This time it backfired, as Canada, Britain, Germany, France and other industrial countries retaliated with their own tariffs and special, bilateral trade deals. American imports and exports both went into a tailspin.
Franklin D. Roosevelt and the New Dealers made promises about lowering tariffs on a reciprocal country-by-country basis (which they did)."In 1934, the (Democratic) U.S. Congress, in a rare delegation of authority, passed the Reciprocal Tariff Act of 1934 which authorized the executive branch to negotiate bilateral tariff reduction agreements with other countries. The prevailing view then was that trade liberalization may help stimulate economic growth. However, no one country was willing to liberalize unilaterally.
Between 1934 and 1945, the executive branch (under FDR) negotiated over 32 bilateral trade liberalization agreements with other countries.http://en.wikipedia.org/wiki/Tariffs_in_United_States_history#1913_to_present