Is NAFTA a bad trade deal? | The Tylt

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Is NAFTA a bad trade deal?
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#DontKillNAFTA
#NAFTAIsAFailure

During his campaign, Trump called the North American Free Trade Agreement (NAFTA) the "worst trade deal in history," so it's not surprising negotiations are reportedly not going well. But President Trump isn't alone—Bernie Sanders has long argued against NAFTA claiming it encourages corporations to "flee to Mexico" and hire workers for "starvation wages." Others maintain killing NAFTA will hurt the economy and lead to more working people losing their jobs. What do you think? 🇺🇸 🇲🇽 🇨🇦

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Is NAFTA a bad trade deal?
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The North American Free Trade Agreement (NAFTA) is a trade deal between the U.S., Mexico, and Canada that was negotiated by President George H.W. Bush and implemented under President Bill Clinton in 1994. According to Business Insider:

NAFTA eliminated most tariffs, such as taxes on imports and exports, and on traded goods among the three nations. It put in place processes to get rid of other trade barriers too [...] The point of NAFTA was to encourage economic integration among the US, Mexico, and Canada. And that, by extension, was supposed to boost economic prosperity for all three.
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President Trump made bad trade deals a cornerstone of his campaign, claiming they were largely responsible for destroying America's working class. 

Globalization has made the financial elite, who donate to politicians, very, very wealthy. [...] But it has left millions of our workers with nothing but poverty and heartache. 
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But President Trump isn't alone in his criticism of NAFTA. He and Bernie Sanders shared many of the same beliefs about global trade deals which they argued hurt working Americans. Sanders called NAFTA and TPP "disastrous" trade deals during his campaign and criticized Hillary Clinton for her waffling on her trade stance.

“We have to lift up the standard of living of workers in this country and throughout the world,” he said. “Trade is a good thing. But it has got to be based on fair principles, not unfettered free trade.”
Sanders says he led the opposition to NAFTA and permanent normal trade relations with China, which he says have cost millions of U.S. jobs and led to “a race to the bottom” for workers. He says Clinton over the years has strongly supported those deals.
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Defenders of NAFTA argue its demise would only damage the economy and lead to more Americans losing their jobs.

American farmers, restaurant workers and some manufacturing employees would get hit hard if Trump pulls out of NAFTA, according to an in-depth analysis published in August by ImpactECON, a consulting firm in Colorado. Its economists ran two post-NAFTA scenarios:

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  1. American wages decline: 255,000 people, all low-skilled workers, would lose their jobs
  2. American wages don't decline: 1.2 million low- and high-skilled workers lose their jobs. Why? Because workers would still be relatively expensive while imported products would become more expensive due to tariffs.
#DontKillNAFTA

And Ana Swanson argues in The New York Times that NAFTA's slow, painful demise would devastate North American commerce. While it may be easy for the Trump administration to criticize trade deals, forging a better way forward is much more difficult work.

The Trump administration came into office promising to scrap or overhaul trade deals like NAFTA and the Trans-Pacific Partnership and forge new bilateral deals in their stead. But the NAFTA talks illustrate that the Trump administration has found it easier to criticize trade deals than forge politically popular ways to amend them.
#DontKillNAFTA
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FINAL RESULTS
Politics
Is NAFTA a bad trade deal?
A festive crown for the winner
#DontKillNAFTA
#NAFTAIsAFailure