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Is The NAFTA Reform A Victory For Trump?

This deal spurs economic growth

It will create economic uncertainty

 Getty: Chip Somodevilla / Staff

President Trump’s U.S.-Mexico-Canada Agreement (USMCA) is a highly productive replacement to NAFTA that will strongly benefit America, believes Christian Whiton of Fox News. It makes serious improvements, like lowering Canada’s tariffs on U.S. dairy imports, increasing auto industry jobs and reinforcing patent rules that will lower medical costs. For too long trade with America’s neighbors had allowed U.S. consumers to be squeezed through needless trading costs. Now, even the NFL will see benefits, getting new commercial revenue opportunities in Canada. Trump is prioritizing workers and consumers at home, eliminating flaws that were draining their wallets.

Keep on reading at Fox News

The U.S.-Mexico-Canada Agreement (USMCA) set up by Donald Trump has crucial flaws that could have big and damaging repercussions, argue Flores-Macías and Sánchez-Talanquer of The New York Times. Crucially, it sets terms for reviewing the deal that makes it easier for governments to undo it, if they so please. This opens the door to new administrations pulling out, which will create much economic uncertainty, leading to slower growth. Employers and investors will feel less confident to make investments. NAFTA was far more solid in this regard, which was also a major reason for Mexico aligning itself with the U.S. economically and ideologically.

Keep on reading at the New York Times
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