Just like NAFTA, just like China's entry into the World Trade Organization (WTO), free traders swore that the Korean deal would shower jobs and economic prosperity down on America. It didn't happen. Actually, the exact opposite did.
Currency manipulation violates free market principals, but for China, doing it makes sense. This potent action by a major economic competitor raises the question of when the United States government is going to stop pretending currency manipulation doesn't exit.
American workers and American manufacturers don't oppose trade. They can compete on a level playing field with anyone in the world. But the current trade regime, swept in without serious analysis on the back of Fast Track authority, has failed to provide a level playing field.