Read more on this subject: NAFTA-North American Free Trade Agreement
Opinion Column by Stephen Lendman
Trump Reneges on Abandoning NAFTA
by Stephen Lendman
On Wednesday, the White House said Trump will renegotiate what he once called "one of the worst deals ever."
Twenty years after its 1994 enactment, Global Trade Watch director Lori Wallach said she "remember(ed) crying" on the day NAFTA took effect – January 1, 1994.
"Not only did promises made by NAFTA's proponents not materialize, but many results are exactly the opposite," she explained.
Around a million US jobs were lost. A "staggering $181 billion US trade deficit with…Mexico and Canada" was incurred.
Over a million small Mexican farmers were displaced. Immigration to America doubled. Undocumented millions came north, desperate for work lost at home.
Predatory corporations were paid over $360 million by so-called "investor-state" tribunals, serving monied interests exclusively.
NAFTA and similar deals
Read More or Make a Comment