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North American Free Trade Agreement

Automakers are watching closely as the Trump administration tries to renegotiate the North American Free Trade Agreement, and the latest round of talks is under way in Mexico City this week.

NAFTA touches almost every business sector — few more than the car industry. Automakers say that changing the agreement could boost their costs and make them less competitive.

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The future of the North American Free Trade Agreement has become a major irritant in U.S.-Mexico relations, something President Trump acknowledged before the second round of NAFTA negotiations kicked off in Mexico last week.

The Trump administration on Wednesday will start to renegotiate the North American Free Trade Agreement with Canada and Mexico. And despite very tough talk about NAFTA during the campaign, it appears the administration has backed away from a major assault on the decades-old trade deal.

And that is a relief to businesses in all three countries.

During the presidential campaign, Donald Trump clearly tapped into frustration about workers who had lost jobs in manufacturing. And he painted NAFTA as one of the central villains responsible for stealing Americans jobs.

You've heard that American agriculture loves trade. And it's easy to see why: Under NAFTA, American farmers have quadrupled their exports to Canada and Mexico and the two nations rank second and third, after China, as markets for U.S. farm goods.

Associated Press

Presumptive Republican presidential nominee Donald Trump talked about job creation last night during a speech at the Ohio University campus in St. Clairsville.

Ohio Benefitting From NAFTA

Nov 8, 2013

20 years after the passage of the North American Free Trade Agreement, a Brookings Institution analysis shows billions of dollars worth of goods and services have been traded across the continent.