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See other Business/Finance ArticlesTitle: TRUMP: ‘We’ll Probably End up Terminating NAFTA’
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URL Source: http://americanlookout.com/arps-tru ... ably-end-up-terminating-nafta/
Published: Aug 24, 2017
Author: aa
Post Date: 2017-08-24 06:34:45 by HAPPY2BME-4UM
Keywords: None
Views: 638
Comments: 6
President Trump drew strong cheers during his Phoenix rally when he indicated that he will probably end up terminating NAFTA.
Breitbart reported:
Donald Trump sent a warning to Mexico on Tuesday night about the NAFTA renegotiations.
“Personally, I don’t think we can make a deal because we have been so badly taken advantage of,” Trump said during the Arizona rally. “I think we’ll probably end up terminating NAFTA at some point.”
Trade representatives from the U.S., Canada, and Mexico met in Washington, D.C. last week to begin the renegotiation of the trade deal. The U.S. took a tough stance at the meeting, telling Canada and Mexico that NAFTA had “fundamentally failed” for many Americans.
When NAFTA was being sold to the American public in the mid-1990s, Clinton administration officials predicted it would generate trade surpluses, with Mexicans buying more from America than they sold into American markets. Instead, the U.S. has run a trade deficit with Mexico every single year since 1995. The cumulative post-NAFTA trade deficit will likely hit one trillion dollars this year.
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