People Prosper From Free Trade: NAFTA and Texas
Texas Public Policy Foundation, 1-10, 2018
12 Pages Posted: 1 Jun 2018
Date Written: May 1, 2018
The 1994 North American Free Trade Agreement (NAFTA) is a trilateral trade deal between the U.S., Mexico, and Canada designed to reduce transaction costs among Americans, Mexicans, and Canadians. Critics argue that NAFTA is a bad trade deal that impoverishes Americans by giving an unfair advantage to people in other countries. They have pushed to renegotiate NAFTA in the spirit of “fair trade” to reduce trade deficits and bring jobs back to the U.S. However, research shows NAFTA has positively contributed to increased U.S. economic activity and job creation.
Keywords: NAFTA, Trade, Fiscal Policy
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