Congress Needs to Be Involved in Negotiating “New NAFTA” Deal

Yesterday, the United States and Mexico agreed on a new trade agreement to replace NAFTA. As I write this column, it’s still too early to say what the impact of this new accord will be, as most of its details have not been released. But with that said, what we do know is enough to call into question whether this agreement will truly be a “better deal.” Investor’s Business Daily gave us some insight into the plan: The key to Monday’s new U.S.-Mexico Trade Deal — Trump wants to deep-six the name “Nafta” for good — is a thorough revamping

NAFTA Has Been Great For Our Economy — But Here’s Something We Can Improve

Since the passage of the North American Free Trade Agreement (NAFTA) — a treaty envisioned by Ronald Reagan and later implemented by Bill Clinton — trade between the U.S., Canada, and Mexico has increased from $290 billion in 1993 to $1.1 trillion today. This skyrocketing increase in economic activity has blessed American workers with a de facto pay raise by virtue of lower prices resulting from increased productivity. Free trade is always a net-positive for our economy because it eliminates arbitrary barriers between nations, allowing for greater competition and specialization. This allows our paychecks to go further, while opening up