The trade agreement is positive for all involved. NAFTA removes tariffs on several products that allow the U.S. to import what it needs and export what it produces with much more ease, write Naomi Christensen and Matthew Rooney of Real Clear Politics. The U.S. particularly benefits from its access to Canadian crude oil, which it gets at a discount. Perfect for American refineries, this oil is processed and sold onward at a significant profit. This whole operation creates many jobs for Americans, while also benefiting their trade partners. Mexico has a growing demand for U.S. gasoline, which it chooses to buy because of NAFTA.
NAFTA allows Mexico and Canada to benefit at great cost to America. NAFTA’s antiquated intellectual property rules cost the U.S. millions of dollars annually as Mexico and Canada take advantage of them, asserts Stephen Moore of The Washington Times. Canadian regulators are making American pharmaceutical companies lower their prices. This doesn’t allow them to benefit from medicine that they have invested billions of dollars in to create, which hampers the effort to create even better products. Meanwhile, Mexican companies outright copy America pharmaceuticals, robbing the U.S. of well-deserved profits. The current system doesn't punish them.