A few weeks ago, we posted to inform you about
President Trump’s views on NAFTA and how he believes it should be changed. Today, I’d like to right about the pros and
cons of NAFTA so viewers can form their own opinions. With NAFTA, trade between
the three countries more than quadrupled, leading to lower prices on groceries
and oil in the U.S. The U.S. also increased exports, especially in the form of
services, benefitting the economy. NAFTA hurt the U.S. when manufacturers moved
jobs to Mexico for lower labor costs. Although NAFTA did increase exports, it
also increased U.S. trade deficit. Learn more about the advantages and
disadvantages and how NAFTA compares to other trade agreements here: https://www.thebalance.com/facts-about-nafta-statistics-and-accomplishments-3306280
Lorreen McCabe
very interesting and informative breakdown of the NAFTA agreement. Thank you!
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