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For trade pacts like NAFTA, the labor market and pricing issues seemed obvious from the start. Some American jobs would move across borders, and the overall price of the "labor content" of products would decline. The negative consequences to American labor would hopefully be offset by expanding markets in foreign lands, as these countries benefited from higher employment and wages. For some industries, there was the added benefit of actually retaining American jobs. That is, the ability to keep manufacturing in this hemisphere provided customers for American suppliers who might otherwise have been eliminated by Far Eastern verticality. Consider, for example, apparel being ...