north american free trade agreement
The Mexican government expressed its solidarity Sunday with the United States following the damage caused by Hurricane Harvey and offered assistance to Texas. "As we have done in the past, Mexico stands with Texas in this difficult moment," Carlos Gonzalez Gutierrez, the Mexican consul general in Austin, said. Mexico is prepared for a Katrina-like assistance package.
So, when Trump defends NAFTA in order to save American jobs at Smithfield, he’s also protecting Chinese corporate interests. By the way, the Smithfield sale also netted fabulous bonuses for the CEOs on both sides. Increasingly, that too has been the story of free trade. In the textbooks, trade is supposed to be an opportunity for the less well off to get a bigger piece of a growing global economy. In reality, however, free trade has been a driver of economic inequality.
On Feb. 19, President Obama heads to Mexico to meet with President Enrique Peña Nieto and Canadian Prime Minister Stephen Harper at the North American Leaders' Summit. The three leaders will undoubtedly look back at the last 20 years, recognizing the mostly positive changes that the North American Free Trade Agreement (NAFTA) and other cross-border ties have brought to the three nations.