NAFTA

NAFTA
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  • North American Free Trade Agreement
  • North American Free Trade Agreement
  • Hey! I would love to accept the trade agreements! Let's be friends!
  • North American Free Trade Agreement
  • A trade agreement was initially between the US and Canada, in 1989, to improve relations between the two countries. This document progressively eliminated tariffs on imported goods.
  • North American Free Trade Agreement
  • After realizing how well the trade agreement went with Canada, the US decided to include Mexico. Mexico accepted in hopes of improving their economy and gain two major allies. By 1994, the US-Canada trade agreement became the NAFTA. 
  • North American Free Trade Agreement
  • Throughout the years, the US enjoyed bipartisan backing. This is the act of both republican and democratic parties supporting each other.  It encouraged regional trade to more than triple, and cross-border investment between the three countries grew significantly.    
  • North American Free Trade Agreement
  • THIS IS A PROBLEM BECAUSE IT'S BENEFITING TOO MANY PEOPLE! LET'S CHANGE IT!
  • All was well between the three countries. Economists largely agree that NAFTA has provided benefits to the North American economies.With the illegal immigration from Mexico and Canada falling, and Mexico's economy rising along with Canada's, North America was succeeding.  
  • Debate persists regarding NAFTA’s legacy on employment and wages, with some workers and industries facing painful disruptions as they lose market share due to increased competition, and others gaining from the new market opportunities that were created. 
  • President Donald Trump says it has undermined U.S. jobs and manufacturing. In October 2018 his administration struck a deal with Canada and Mexico on an updated version of the pact, later to be known as the U.S.-Mexico-Canada Agreement, or USMCA.  
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