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News from EPI News from EPI:  Free Trade Agreement with Korea will cost U.S. jobs

For Immediate Release: Thursday, July 1, 2010
Contact: Karen Conner or Eve Turow, 202-775-8810

The Obama administration has announced that it intends to finalize a new free trade agreement with South Korea (KORUS FTA) in time for the next G-20 summit in November.  Unlike the U.S. International Trade Commission (USITC) forecast of a small positive impact, EPI’s new Snapshot shows it will increase the U.S. trade deficit with Korea by about $16.7 billion, and displace about 159,000 American jobs within the first seven years after it takes effect. Click here for the full Snapshot.

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