Teamsters Believe 'Son of NAFTA' Will Cost U.S. Jobs

Son of NAFTA The Teamsters are urging Congress to reject the current version of the South Korea trade agreement that is currently on the table, calling it the "Son of NAFTA" and claiming it could cost America thousands of jobs.

"The United States has lost 5 million jobs since NAFTA, and the last thing America's middle class needs right now is 'Son of NAFTA,'" said Teamsters General President Jim Hoffa. "We desperately need to reverse direction and protect our economy instead of giving it away to our diplomatic partners. One of the real dangers of this deal is that it gives South Korean multinationals new rights to challenge U.S. laws. Why should a foreign company or investor have more power in this country than our own small businesses?"

While Hoffa says the Teamsters appreciate President Obama's attempts to renegotiate the deal, he's stated they can't support the current version, which is expected to be submitted to Congress any day now.

The Teamsters believe that this particular trade agreement, which is the biggest since NAFTA, would increase the U.S. trade deficit, would cost the United States approximately 159,000 jobs, and would damage some core American industries such as electronics equipment, motor vehicles and parts, and metal products.

"This deal would allow so-called 'Korean' cars sold in the United States to be made mostly in other countries because of the ridiculously low rule-of-origin requirement," Hoffa said. "I also have serious security concerns because the deal would cover products assembled in South Korea made with parts from North Korea."



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Robert

Our politicians are in business "For Themselves" and NOT for Americans. Lobyists pay millions to Re-election funds in order to control our government while hard working Americans continually get screwed with jobs being sent overseas. Do you think for one second that politicians don't know "WHERE" OUR JOBS WENT TOO ? HELL YES THEY DO ! There simply PAID to look the other way ! NAFTA is the biggest scam to come along since "BUSSING" ! We MUST change the way Americans are represented by politicians or there won't BE an America much longer. Illegal immigration, Asian goods flooding our country, Uncontrolled drugs and guns passing freely over the borders, the loss of millions of jobs, an economy in shambles, taxes going up, millions out of work and our Government says " Things are improving" ! I ask you "Who the Hell are they improving for" ?? It sure ain't me ! How about you ?



February 23 2011 at 2:51 PM Report abuse rate up rate down Reply
BeelP

Bush the first did, in fact, get the first NAFTA deal done. IMO, Bush I and Bush II AND Clinton AND Barry O ALL SUCK! Liberals all; forget what party they belonged to.

February 22 2011 at 6:35 PM Report abuse rate up rate down Reply
Robert J. McCormick

Does this mean I am going to have to learn how to talk Korean? The last time we did one of these NAFTA things the citizens of the good old USA got screwed.
Press 1 for English...really? I will, under no circumstances buy kimchee.

February 22 2011 at 6:33 PM Report abuse rate up rate down Reply
Beyond Concerned

WANT JOBS...

OUTLAW UNIONS PUBLIC & PRIVATE

REWARD HARD WORK & PERFECTION

ELIMINATE COMPLETELY CORPORATE INCOME TAXES

REDUCE GOVERNMENT REGULATION, SIZE, AND SCOPE

RETURN TO STATES RIGHTS CONSTITUTIONAL ORGANIZATION & OPERATION

DON"T DO THESE THINGS SURELY = TYRANNY & SERFDOM Very Very Soon !!!

BEWARE OBAMA !!! BE AFRAID !!! BE VERY VERY AFRAID !!!

February 22 2011 at 5:28 PM Report abuse rate up rate down Reply
Kate

I would like to know how many Teamsters shop at Walmart and buy China made products? I bet you 3/4 (if not more) of the teamsters buy product at Walmart. The true problem is that people want to be paid American wages, but they don't want to pay for American made goods because they cost more. As the Teamster are crying foul with the new trade agreement, they are in fact as much to blame for the loss of jobs in the US as anyone else, because they support China by shopping at Walmart. It's hyprocritical at best.

February 22 2011 at 3:24 PM Report abuse rate up rate down Reply
JJ

It was President Clinton who signed Nafta..I thought Presidents could veto bills if they were against the contents of the bill ?...

February 21 2011 at 7:01 AM Report abuse rate up rate down Reply
smahajs2

It is about time that the Unions standup to the USA trade policies. For too long we have seen our jobs both union and non-union being exported overseas by our government's so called free trade policy. Almost every nation that we grant our best trade policy designation has restrictive tariffs on goods coming into their country. We not only send our tax dollars to aid many countries, we also buy their cooperation by very favorable trade policies.
We are so stupid, in that we pass laws that hamper our American based companies with high taxes,OSHA regulations (which are needed but our competitors overseas are not always subject to those type of regulations nor providing worker's comp. insurance which is also needed), and now add OBAMACARE which has the potential to be the largest job killer and exporter the World has ever seen. Why would the foreign based manufacturers continue to build anything in this country as they cannot compete in the World Market with products made in the USA. Our domestic corporations also have to build factories overseas in order to be price competitive in the World Market as products made in the USA are too expensive. Everyone needs to read the Fair Tax Plan, while not perfect, it represents the best plan out there to not only simplify and change the tax code to make it fairer for all, but it would create millions of new jobs in the USA especially in manufacturing that we have lost and continue to lose overseas. It would level the playing field and enable our industries to compete as the same tax would cover all products regardless of where they are made. And get this, the best part, all people residing or visitng the USA will be paying some taxes which is not the case today unfortunately. It is time the Union leadership read up on the Fair Tax, it may be the only chance for them to survive otherwise they will be totally gone within the next 10 years or less as our USA made products not only will not be affordable to the World Market, with our USA free trade policies staying in effect, even Americans will not pay for higher cost products when they can buy cheaper ones from overseas based manufacturing plants, some owned by domestic corporations who have exported jobs so they can compete in that World Market, afterall, that world market is growing much faster than the US market now and in the future. Our balance of payments because of our own energy management (refusing to develop our own resources in lieu of buying foreign oil) and the above trade policies and the restrictive laws in the USA was be reversed and it needs to happen today or we had be ready to welcome the Chinese and others when they wade ashore to collect the mortgages that they hold on our country. Change now or get out the red carpet for our creditors and believe me that can happen within the next 10 years.

February 21 2011 at 6:24 AM Report abuse rate up rate down Reply
1 reply to smahajs2's comment
Sam Stone

You make an excellent point. At minimum there should be some realistic formula applied that levels the playing field for US products and labor and comparable imports. In other words, tax, tariff, or charge fees that raise imports to the same costs as domestic similar domestic products. This would force import quality upwards while keeping jobs here by the simple virtue of simplicity and ease.

February 21 2011 at 12:51 PM Report abuse rate up rate down Reply
David

I think you are all on the wrong track. Chinese garbage is so popular because Americans are buying it! When I grew up in the 60's people were still bitter toward Japan and boycottted buyiny thier stuff. All of you younger people are too soft, buying only for price and not quality.And yo u fools who blame ot on Unions are yuppy fools too. In Vegas workers make $14.00 an hour while profits are in the billions and they employ illegals by the ton. There is not enough room here to describe what is wrong, but go to college for 4 years and come out softer with NO JOB!!!!

February 21 2011 at 6:03 AM Report abuse rate up rate down Reply
Michelle

Yes Clinton signed it into law. But he was the President he could of vetoed it Give me a break, he wanted for his big business buddies GEZZZZZZZZZZZZ

February 21 2011 at 2:17 AM Report abuse rate up rate down Reply
tom

What's the difference. We're going to be China's far western Provence in 20 years anyway. Better start boning up on your Mandarin. The really sad thing is that the Chinese we have all come to love is not really what they eat.

February 21 2011 at 12:54 AM Report abuse rate up rate down Reply

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