Trump Could Hit a Brick Wall on NAFTA

Politico: “President-elect Donald Trump may have ridden to the White House on a wave of working-class hatred for NAFTA, but he’s going to find it tough to deliver on his promise to scrap the trade agreement that he blames for sending U.S. jobs abroad.”

“Dramatically changing the pact could instead threaten 14 million American jobs that rely on trade with Canada and Mexico and send tremors throughout the North American business community, which has invested billions of dollars in developing ways to manufacture everything from cars and airplanes to pharmaceutical products using labor from multiple countries.”

“So far, Trump has offered few details about what changes he’d like to make to the pact, other than threatening to withdraw from it entirely unless Mexico and Canada agree to new terms. Business groups are hoping they can persuade him to instead ‘fix’ the agreement in ways that will benefit them.”

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