Letters to the Editor

Suggests barter-only policy to balance trade

This response is to a letter to the editor on Jan. 18 in The Bellingham Herald, in which the author states her fondness for “free” trade. She conveniently omits any reference to the 682,000 U.S. jobs lost under NAFTA from 1994 to 2010, when she espouses the aspects of increased business opportunities in world trade since the enacting of free trade agreements and the WTO. And that’s just the numbers caused from NAFTA. Before NAFTA, the U.S. had a trade surplus with Mexico of $1.6 billion. By 2010, the U.S. had a trade deficit with Mexico of $97.2 billion! Sixty percent of the U.S. jobs lost under NAFTA are in manufacturing. And not even so much from the states bordering Mexico, but more from Michigan, Indiana, Kentucky, etc. And Mexico has had virtually no increase in its economic output.

When more imports are dumped into the U.S. than we are exporting, due to fewer tarrifs, it just adds to our trade deficit and a net loss of jobs.

What is needed is a barter-only overseas trade policy to keep a natural trade balance. And a win-win scenario for all parties involved.

Wallace Callow