You're right. Free trade wherein we are the only ones playing by the "free" rule is nothing more than the redistribution of wealth on an international scale, something some of the same republicans who support this deride when it applies to our own citizens.
Stupid, or intentional, is debatable. But, what they're working toward is a system of elites and servent underclass. With only allegiances to capitalism and not our nation, guess where the majority of Americans lie on their scale of importance.
Americans seem to be the last to know what's going on.