President Trump’s latest trade deal with Mexico is a huge success that will replace NAFTA, believes Christian Whiton of Fox News. It has balanced out trade with America’s southern neighbor in a fairer way. Trump realizes that imports outnumbering exports costs the U.S. a lot, but also gives it leverage to gain better trade deals. US trade partners have a vested interest in their products being bought so they are willing to negotiate when pressed. This deal also sets a precedent for Europe, China and Canada, the latter of which will need to re-evaluate its excessively high tariffs on U.S. goods. NAFTA, which allowed these to stand, is now done away with.
The new trade deal President Trump crafted with Mexico is neither an improvement on nor a replacement for NAFTA, writes the USA Today editorial board. First off, the preliminary agreement requires many more steps before it becomes official policy. None of them is bigger than getting Congress’s approval, which might be tough. The new deal would put excessive regulation on imports from Mexico. Cars, for example, would see that a surge in price that would ultimately cost U.S. consumers. Trump cannot end NAFTA before he agrees on a new deal with Canada. His insinuation that this agreement will force Canada’s hand is wrong.