Clinton shuffles away from husband’s trade legacy
Hillary Clinton is casting doubt on key aspects of her husband’s
presidential legacy on free trade, as a backlash over globalization’s
squeeze on American workers roils the White House race.
The Democratic front-runner also called for a “time-out” on any new
trade deals, at a time when agreed pacts with South Korea and Peru await
endorsement in Congress.
Clinton’s remarks in an interview for Tuesday’s edition of USA Today,
marked the latest sharp contrast with the centrist tone on trade adopted
by former president Bill Clinton’s administration between 1993 and 2001,
and echoed criticisms, at the time, of the impact of trade pacts.
She said a reevaluation of global trade deals should start with the
signature North American Free Trade Agreement (NAFTA) with Canada and
Mexico launched under Bill Clinton in 1994, saying it had cost jobs and
benefited the rich.
On Monday, during an economy-themed bus trip through Iowa, Clinton
said Washington must do more to hold trade partners to their
commitments.
“I think it is time that we assess trade agreements every five years
to make sure they are meeting their goals or make adjustments if they
are not, and we should start with doing that with NAFTA.”
During his presidency, Bill Clinton argued the United States could
not cut itself off from globalized trade and that on balance, it made
America more prosperous.
Ashington, Wednesday, AFP |