STAFF NEWS & ANALYSIS
Bloomberg Explains Why Trump’s Anti-NAFTA Approach Is Incorrect
By Daily Bell Staff – September 03, 2016
Nafta Was Good for the U.S. and Mexico … The North American Free Trade Agreement, Donald Trump said on Wednesday, “has been a far greater benefit to Mexico” than the U.S. Just minutes before, Mexican President Enrique Pena Nieto, standing by Trump’s side in Mexico City, said Nafta had done both countries “a lot of good.” -Bloomberg
Why would anyone who believes in free-markets argue for the efficacy of NAFTA? There must be another reason to bring this up.
Supposedly, the justification is that Trump mentioned NAFTA as a negative and this provides the impetus for this editorial to defend NAFTA. We’ll get to a more likely reason below.
To be fair, the editorial mentions that both the Mexican President and Trump agreed the “22-year-old trade deal is