Nafta Nations Aim for Quick Deal

The video discusses the first round of NAFTA talks, highlighting differing views from Canadian, Mexican, and US trade representatives. While Canada and Mexico see NAFTA as a success, the US representative criticizes it. The urgency to conclude talks before upcoming US and Mexican elections is emphasized. The video also addresses the misconception that NAFTA is responsible for the decline in US manufacturing jobs, suggesting China's rise had a more significant impact.

What was the main difference in perspective between the Canadian and Mexican trade ministers and the US trade representative during the first round of NAFTA talks?

• All parties agreed that NAFTA was a success.

• Canada and Mexico saw NAFTA as a failure, while the US saw it as a success.

• The US saw NAFTA as a success, while Canada and Mexico wanted major changes.

• Canada and Mexico viewed NAFTA as a success, while the US saw it as needing major improvements.

Why is there a strong desire to conclude the NAFTA negotiations quickly?

• To reduce the trade deficit with China.

• To avoid conflicts with the upcoming US and Mexican elections.

• To increase trade tariffs.

• To implement new trade policies immediately.

What could potentially speed up the NAFTA negotiations according to the discussion?

• If the US proposes changes that only benefit itself.

• If consensus is found on areas already agreed upon in the Trans Pacific Partnership.

• If Canada and Mexico agree to all US demands.

• If the negotiations are postponed until after the elections.

What is suggested as a more significant factor than NAFTA in the decline of US manufacturing jobs?

• The lack of skilled labor in the US.

• The decrease in global demand for US products.

• The rise of China as a competitive economy.

• The increase in US trade tariffs.

What percentage of US manufacturing exports go to Canada or Mexico?

• About 75%

• About 10%

• About 50%

• About 33%