Obama v Trump on NAFTA [video]

Perhaps one of the best video compilations listing President Obama’s remarks about the North American Free Trade Agreement (NAFTA).

Obama made over 50 claims that he would amend NAFTA. Before he became the presidential nominee he said he would contact the leaders of Mexico and Canada to amend NAFTA immediately. He claimed to support NAFTA. Then he came out saying he opposed it, then he strongly opposed it. Then, “NAFTA was a mistake.”

More than fifty times and 8 years and he did nothing.

In two years, President Trump did something about NAFTA. Last week, Washington and Ottawa agreed on a new deal, a revision of NAFTA that allows Canada to join a new trade pact between the U.S. and Mexico. The Trump administration hopes it will boost U.S. manufacturing and decrease the U.S. trade deficit with Mexico.

The new NAFTA, once approved by the legislatures of all three countries, will be called the “U.S.-Mexico-Canada Agreement” or USMCA.

However, “The new U.S. trade pact with Canada and Mexico is unlikely to boost economic growth or manufacturing employment, according to most economists surveyed by The Wall Street Journal.”

The WSJ reports that 70 percent of respondents to its survey replied that they don’t anticipate any changes to the U.S. economy’s growth rate over the long-run.

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