The Beauty Pageant Gone Bad that Might Destroy North American Trade
At his latest somewhat unhinged public rally, Donald Trump declared of the North American Free Trade Agreement, “Personally, I don’t think we can make a deal because we have been so badly taken advantage of,” adding, “I think we’ll end up probably terminating NAFTA at some point.” This was a remarkably flip statement considering NAFTA involved more than a trillion dollars in trade between Canada, the United States, and Mexico in 2015.
Trump has repeatedly called NAFTA “the worst trade deal in the history of the country.” But since taking office, the Trump administration has pin-balled back and forth between claiming that it will totally overhaul the treaty and insisting that it is only going to “tweak” the agreement in what Vice President Pence, in his usual damage control mode, called a “win-win-win” for all parties.
The above excerpt was originally published in Medium. Click here to view the full article.
The positions of American Progress, and our policy experts, are independent, and the findings and conclusions presented are those of American Progress alone. A full list of supporters is available here. American Progress would like to acknowledge the many generous supporters who make our work possible.
Senior Fellow; Executive Director, Sustainable Security and Peacebuilding Initiative