Links to articles:
http://www.latimes.com/business/la-fi-trump-nafta-20171011-story.html
http://www.chicagotribune.com/business/ct-biz-trump-nafta-poison-pills-20171011-story.html
https://www.nytimes.com/2017/10/11/business/economy/nafta-trump.html
http://nymag.com/daily/intelligencer/2017/10/close-to-killing-nafta-trump-warms-to-new-deal-with-canada.html?utm_source=nym&utm_medium=f1&utm_campaign=feed-part
On Wednesday, October 11th, President Trump and Canadian Prime Minister Justin Trudeau met in the Oval Office to engage in the fourth round of NAFTA negotiations. The president indicated after the meeting that it is entirely possible that a new deal won't be reached and that the US would drop out of NAFTA altogether. Other negotiations, like the "sunset provision" that calls NAFTA to expire in five years unless all countries renew it, were also discussed.
The end of NAFTA could potentially be beneficial, as the deal led to the loss of many manufacturing jobs, hurt Mexican farmers, and was troubling for the environment. However, NAFTA also lowered the prices of goods, increased trade between the countries, helped GDP, and improved diplomatic relations. I think that since NAFTA clearly shows significant advantages, new negotiations and changes to the deal are more reasonable than completely eliminating the agreement altogether.
What do you think? Is NAFTA more beneficial or detrimental? What should happen to the deal?
3 comments:
NAFTA is beneficial to all three countries involved. While certain jobs are lost to Mexico and Canada, the price reduction of consumer goods makes it worth it. We shouldn't make the average American suffer due to the desires of a few who would lose their jobs if we didn't force labor into America. If Mexico or Canada can produce something and export it to the US more efficiently than the US can domestically produce it, then they should.
I think that NAFTA should remain because free trade is beneficial to most Americans. It makes products cheaper and more affordable, and Americans can focus on producing things more efficiently and effectively instead of producing everything haphazardly. Therefore, I agree that the NAFTA trade agreement should not be abolished because the well-being of the majority of Americans should be taken into account.
I agree with Jason and Harrison that NAFTA should remain. First of all, we have a lot more problems in the U.S that are much more prevalent than the NAFTA trade agreement. I believe we already have problems with poverty and lower class in America and that this agreement at least somewhat supports the public by providing cheaper products and goods that can be a first step to improving poverty.
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