Ex-Commerce Sec. Kantor Says Nafta Need to Be Updated

The video discusses the complexities of trade negotiations among the USA, Mexico, and Canada, emphasizing the importance of building trust and respect. It highlights the significant economic impact of NAFTA, noting the dramatic increase in exports and the need for updates to the agreement without losing its benefits.

What is a key factor in successful trade negotiations according to the first section?

• Economic sanctions

• Building trust and respect

• Public statements

• Political alliances

In the context of trade negotiations, why is it important to understand the history of reliance among nations?

• To establish political dominance

• To determine economic sanctions

• To build mutual trust and respect

• To predict future conflicts

What has been a significant outcome of NAFTA since its inception?

• Reduced trade with Canada

• Decreased exports to Mexico

• Increased job creation and wealth

• Higher tariffs on goods

How much have US exports to Mexico grown since the start of NAFTA?

• 300%

• 400%

• 200%

• 500%

Why is it critical to update NAFTA according to the final section?

• To increase tariffs

• To maintain its benefits while making necessary changes

• To reduce trade with the European Union

• To eliminate trade with Canada