This post is the opinion of the the author and does not necessarily represent The Good Men Project.
NAFTA is the trade agreement between the U.S., Mexico and Canada that was begun by Republican President George H.W. Bush and completed by Democratic President Bill Clinton. Many on both sides of both borders have blamed it for sagging industrial output, and last September, Trump called out the North American Free Trade Agreement as bad for business. Back then, it was hauling 61 percent negatives, but times have changed. These days, NAFTA exports 52 percent positive sentiments! Not quite a recovery, but definitely a switch in attitude toward the embattled trade agreement. Although it’s unclear what led to the improved opinions, the ramifications are being felt in the economic and financial world. The American auto industry, once NAFTA’s biggest enemy, has started to push back against Trump’s efforts to revamp the treaty, specifically by demanding more U.S.-made parts in autos, Reuters reported yesterday. Trump Administration efforts no doubt reflect what Reuters said are autos and auto-parts trade deficits of $74 billion with Mexico and $5.6 billion with Canada. –Hugo Guzman
Editor’s note: References to renegotiation were removed from the analysis.
Republished from 30dB