There will be winners and some losers in the aftermath of the free trade agreements with Colombia, Panama and South Korea that recently passed Congress. That’s why there was a separate bill to aid workers displaced by foreign competition.
Among those particularly pleased with the trade deals: citrus states. Notably those in the frozen orange juice business. South Korea is the world’s 13th largest economy, and it has been affixing a hefty 54 percent tariff. It won’t be phased out; it will disappear with FTA implementation.