http://money.cnn.com/2017/04/28/news/economy/trump-nafta-what-a-better-deal-looks-like/index.html?iid=hp-stack-dom
The article depicts the different options that are on the table for a renegotiation of the free trade agreement between Mexico, Canada, and the U.S.. Experts show how the renegotiation can be beneficial to the U.S. for the job market, however, it will be at some cost of the consumers or companies. The options that are on the table all seem that they will boost prices of goods (the article focuses more on the auto industry). With jobs being more centered in the U.S. that Trump wants to make happen, chances are, prices of cars will go up as well with intensified labor and higher quality parts. I am eager to see the options that our government pursues in the near future.
1 comment:
I do not believe this will benefit the United States in the long run as an increase in prices will decrease demand, and less goods will be sold, ultimately hurting the manufacturers in the end. While Trump's intentions are good, I think he needs to look at the bigger picture in this case.
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