Don’t Hate the TPP Because It’s Imperfect: New at Reason

Not since the election year of 1992 has an international trade agreement been such a hot-button issue. Twenty-four years ago, the prospect of ratifying of the North American Free Trade Agreement (NAFTA) during a national recession dominated the headlines. NAFTA galvanized the independent candidacy of the charismatic Texas billionaire Ross Perot, and put his protectionist platform squarely into the public consciousness.

On Election Day, Perot’s candidacy failed. But the same anxieties that formed around his “giant sucking sound” siphoning away manufacturing jobs to Mexico, has lived on. Shorn of the characteristic Texas twang with which they were delivered, the trade-phobic arguments Perot offered the American public are being echoed by Donald Trump and Bernie Sanders, stirring up popular opposition to the Trans-Pacific Partnership.