CAFTA, China and the Carolinas

From Alan Reynolds of the Cato Institute:

On June 12, 1934, Franklin D. Roosevelt signed the Trade Agreements, which allowed Secretary of State Cordell Hull to begin rolling back the devastating Hawley-Smoot tariffs by negotiating what we might now call free trade agreements.

The Central American Free Trade Agreement (CAFTA) is in the New Deal tradition too many Democrats have abandoned.