Revisiting Nafta: The Stakes for Key Industries

4/27/2017 New York Times

automobilePresident Trump may not be terminating the North American Free Trade Agreement, known as Nafta, but that doesn’t mean the deal is safe.

After telephone calls with President Enrique Peña Nieto of Mexico and Prime Minister Justin Trudeau of Canada on Wednesday, Mr. Trump said he would start the process of renegotiating Nafta, a treaty that he had scorned during his presidential campaign, calling it “the single worst trade deal” ever signed by the United States.

Whatever his criticisms, Nafta has had a major impact on the American economy in the decades since it was signed, and any renegotiation would affect certain industries.

Here are four potentially vulnerable sectors.

Perhaps no industry is more closely entwined with Nafta, or has more at stake if there is a drastic shift in trade policy, than the automotive sector.

Read more…

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