), the chairman of the Ways and Means Committee, demands that the USMCA include better programs to help American workers hurt by free trade. (Adam Dean)As can be seen in the figure above, Appalachia has the highest rate of trade-related job loss in the country. Hickory, N.C., an Appalachian city once known as the “furniture capital of the world,” suffered 11,000 trade-related job losses between 1996 and 2010. However, tariffs will not have direct benefits for the communities that have already suffered trade-related job losses. And revised trade agreements such as the USMCA — with their lack of compensation for trade losers — continue to overlook the broader social consequences of free trade.
Source: Washington Post July 15, 2019 13:47 UTC