Weisbrot, Mark; Schmitt, John; Sandoval, Luis - Center for Economic and Policy Research (CEPR) - 2008
-adjustment scenario assumes that the U.S. trade deficit falls from 5.2 percent of GDP in 2007 to 3.0 percent of GDP in 2010. The high … adjustment scenario assumes that the U.S. trade deficit falls back to 1.0 percent of GDP by 2010. The paper finds that the … States has implemented “free trade” agreements in recent decades, including the North American Free Trade Agreement (NAFTA …