Published On: Fri, Jan 20th, 2017

NAFTA… Do we HAFTA’?

Share This
Tags

Donald Trump said he will get tough on Mexico and China starting Day 1 of his administration.

Top of Trump’s wish list is to renegotiate or “terminate” NAFTA — the North American Free Trade Agreement. He also wants to slap a 35% tax on goods, such as Ford (F) cars, that are made in Mexico and sold in the U.S.

Trump has called NAFTA the “worst trade deal in history,” and blames it for the loss of manufacturing jobs in America’s Rust Belt — states that helped catapult him to victory last week.

Here’s what you need to know about NAFTA.

What is NAFTA?

It is a trade agreement between Canada, Mexico and the United States that was signed into law in 1994 under President Bill Clinton. The framework of the deal was first drafted under President Ronald Reagan in 1987.

NAFTA essentially eliminated almost all tariffs among the three nations, allowing for the seamless flow of goods and supplies across borders. Today, approximately $1.4 billion in goods cross the U.S.-Mexico border every day.

NAFTA also makes it easy for companies to move operations from the U.S. to Mexico.

TLC_map

Can Trump tear up NAFTA without Congress?

Yes. The President has the authority to withdraw from NAFTA under the rules of the agreement. He just has to give Canada and Mexico six months notice.

Has America lost jobs to Mexico because of NAFTA?

Yes, jobs have been lost. But it’s not that simple, because there are also millions of U.S.-based jobs that depend on NAFTA.

The Economic Policy Institute estimates that about 800,000 jobs were lost to Mexico between 1997 and 2013. However, a nonpartisan report by Congress published in 2015 found “NAFTA did not cause the huge job losses feared by the critics.” And there’s analysis that shows America has lost more jobs to machines and automation than to Mexico.

Click here for full article on CNN

Source: http://money.cnn.com/

Mexico Travel Care

footer-john-2


Comments

comments

Displaying 12 Comments
Have Your Say
  1. Veronica says:

    you’re really a good webmaster. The website loading velocity is incredible. It seems that you’re doing any distinctive trick. Furthermore, The contents are masterpiece. you have performed a excellent process in this topic!

    http://salaryitis.com/blogs/61743/193010/a-comprehensive-introduction-to

  2. shareit latest version says:

    I am intrigued to find out just what website platform you’re using? I am experiencing several minor protection difficulties with the latest blog on shareit free download so I would like to find something more risk-free. Are there any suggestions?

    https://forum.vodafone.co.uk/t5/user/viewprofilepage/user-id/502594

  3. garageband says:

    I just came right here from a different website on the subject of garageband for mac and considered I may as well read this. I like what I see therefore now I am following you. Getting excited about checking out the site yet again.

    http://www.l337tech.com/vanilla/entry/signin/profile/bridgecat78

  4. Whitley says:

    I’m so happy to read this. This is the type of manual that needs to be given and not the accidental misinformation that’s at the other blogs. Appreciate your sharing this greatest doc.

    http://salaryitis.com/blogs/61743/197079/the-main-technique-to-resorts-in

  5. ig marketing says:

    Hello, what do you think on the subject of instagram real followers? Very neat matter, right?

    http://MohrPublicity.com

  6. counseling couples says:

    It’s actually a cool and useful piece of information. I am glad that you shared this useful information with us. Please keep us up to date like this. Thanks for sharing.

    http://specialthings2u.weebly.com/blog/sunpointwellnesscom-provides-individual-therapy-and-couples-counseling

  7. funny quotes says:

    Howdy can you tell me which platform you’re making use of? I am going to get started with my very own site on best quotes very soon although I am having a tough time making a choice.

    http://mso.soict.hust.edu.vn/index.php?option=com_k2&view=itemlist&task=user&id=476633

  8. Cleveland says:

    Wonderful post but I was wondering if you could write a litte more on this topic? I’d be very grateful if you could elaborate a little bit further. Appreciate it!

    http://www.cokoyes.com/blog/156959/cheap-pest-control-pest-control-training/

  9. go to website says:

    I always read through your articles thoroughly. I’m likewise fascinated with motivational thoughts, you might write about that sometimes. See ya!

    http://www.angelesentrenosotros.co/index.php?option=com_k2&view=itemlist&task=user&id=685288

  10. 192.168 1.1 admin says:

    It was amazing reading this and I think you’re entirely correct. Inform me if you’re curious about router configuration, that’s my main competence. I hope to hear from you in the near future, bye for now!

    http://flornaturlbg.pl/forum/user-82773.html

  11. More Info says:

    Hi and thanks for this terrific content! I genuinely liked it.I’ll be sure to bookmark this site and definitely will come back very soon. I want to suggest you to definitely keep on with the great writing, perhaps think about great customer service as well, have a fine morning!

    http://community.cosmicradio.tv/discussion/365309/customer-service-services-sales-departments

  12. Elvia says:

    F*ckin’ remarkable things here. I am very glad to see your post. Thanks a lot and i’m looking forward to contact you. Will you kindly drop me a e-mail?

    http://rileyz91.grab.lv/824.html

Leave a comment

XHTML: You can use these html tags: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>