Starting tomorrow, Wednesday October 11, NAFTA's 4th round of meetings will take place. As we move towards this final round, tensions continue to rise over what the final word will be on NAFTA’s condition. The Trump administration has indicated that some of their negotiation points involve a percentage of car parts imported to US that must be made of US materials/labor, and abolishing the trade agreement in 5 years unless all countries agree to its continuance. These types of points, as well as the president’s previous criticisms of the trade agreement, have many wondering what the future holds, or if there is a future for, NAFTA. To read more click HERE.
Source:
Trump’s moves on NAFTA risk massive damage - The Washington Post. (2017, October 10). Retrieved from https://www.washingtonpost.com/opinions/trumps-moves-on-nafta-risk-massive-damage/2017/10/10/5cbbbf34-ad30-11e7-9e58-e6288544af98_story.html?utm_term=.34a030bdf9cd
I agree that NAFTA seems to have a hazy future. Trump is claiming that he wants to provide for the workers in these industries heavily impacted by NAFTA, but if the deal fails to go through many of the US workers may see their jobs being moved to foreign countries for cheaper labor. It seems as if this situation could be a double edged sword.
ReplyDeleteYour link on the click HERE is not working or active but I like what you had to post about the NAFTA meeting. I agree with Brianna that this situation could be a double edge sword. But I am confident in what they could come up with to continue this trade.
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