On Jan. 6, 2004, Sen. Charles Schumer, D-N.Y., and I scandalized the economics profession and Washington policymakers with our New York Times article "Second Thoughts on Free Trade." We noted that the two conditions on which the case for free trade rests no longer exist in the present-day world and that there was no basis for the assumption that offshoring of U.S. jobs was beneficial overall to Americans.

The Brookings Institution in Washington, D.C., organized a conference, ...

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