The North American Free Trade Agreement (NAFTA), which includes Canada, Mexico and the United States, was passed by Congress in 1993 with the promise it would create hundreds of thousands of U.S. jobs. Unfortunately for American working families, the opposite has occurred.
To date, nearly 700,000 U.S. jobs have been lost or displaced since NAFTA took effect in 1994, according to a study by the Economic Policy Institute ( EPI ). The main reason for the job loss is a skyrocketing U.S. trade deficit with Mexico—reaching $66 billion in 2010. To put that in perspective, in 1993, one year before NAFTA was implemented, the United States had a $1.6 billion trade surplus with Mexico.
Nearly 20 years after NAFTA was passed, all 50 states, the District of Columbia and Puerto Rico have seen jobs lost or displaced to Mexico .
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