I hate to say it, but I think it's become very obvious that our system for devising trade agreements so very important to this country's functioning around the world, has not only broken, but is broken completely. Today, we have a trade regime, which has led to the largest trade deficits this country has ever experienced. The latest report is that the trade deficit for the month of May was almost $64 billion. We purchased $64 billion more in goods than we were able to sell to others around the world. We continue to put forward trade agreements like these that leave us naked to competition that is neither free nor fair.

It is time for a change. We need a new direction when it comes to our trade policy. Not only for our workers, but for the health of our American companies that have to compete in this world where artificially other companies and other countries are gaining advantage over us because they are not following the rules. This is another example of why we should reject trade agreements that don't protect America's interests.