Trump Criticizes Clinton-backed NAFTA

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North American Free Trade Agreement

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bad trade deals

Washington Examiner

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How Bill Clinton’s NAFTA law in 1994 could sink Kamala Harris in 2024

Summary

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75% Informative

President Bill Clinton signed the North American Free Trade Agreement in 1994 .

The deal was fiercely opposed by labor unions and some environmentalists but backed by Clinton , Newt Gingrich , and a coalition that included the U.S. Chamber of Commerce.

Critics say Clinton set into motion the erosion of American manufacturing, off-shoring of jobs overseas, and union distrust of the Democratic Party by way of shrinking paychecks.

NAFTA is considered a bellwether in a larger movement toward free trade, which was continued when China joined the World Trade Organization in 2001 .

Teamsters: " NAFTA is the model that all these job-killing trade pacts now follow" Friedman maintains that any analysis of NAFTA and free trade has to include the wider context.

Trade has brought more goods to consumers at cheaper prices, Friedman says.

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English

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