Legislative Testimony
United States-Mexico-Canada Agreement: Likely Impact on the U.S. Economy and on Specific Industry Sectors
… monopolies into NAFTA. We also urge the USITC to update its modeling to focus on empirical evidence, including outsourcing and transfer of production under the current NAFTA. Outsourcing has already had severe negative impacts on U.S. jobs and wages in numerous sectors including auto, aerospace, … trade deals have failed to perform as predicted, instead contributing to growing U.S. trade deficits, accelerated outsourcing and job loss, income inequality, suppressed wages, and a weaker middle class than we would have otherwise. The …