Monday, October 05, 2015

Was NAFTA a Disaster?

Recently, Donald Trump made a strong claim about the North American Free Trade Agreement (NAFTA) in an interview on CBS 60 Minutes:

"It's a disaster. ... We will either renegotiate it, or we will break it. Because, you know, every agreement has an end. ... Every agreement has to be fair. Every agreement has a defraud clause. We're being defrauded by all these countries."

Is he right? Was NAFTA a disaster? The answer to that question depends on how we measure the results. For the U.S. -- where the Bill Clinton administration sold the agreement as a job-creating policy because U.S. exports would grow by more than its imports -- the agreement has not lived up to its promise.


Amusing he completely neglects Canada.  :)

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