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Job-Killing Trade Deficits Surge under FTAs: U.S. Trade Deficits Grow 610% with FTA Countries, but Decline 8% with Non-FTA Countries

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The aggregate U.S. goods trade deficit with Free Trade Agreement (FTA) partners is more than six times as high as before the deals went into effect, while the aggregate trade deficit with non-FTA countries has actually fallen. The key differences are soaring imports into the United States from FTA partners and lower growth in U.S.exports to those nations than to non-FTA nations. Growth of U.S. exports to FTA partners has been 27 percent lower than U.S. export growth to the rest of the world since 2005 (the year before the median entry date of existing FTAs).