Wilbur Ross Says Nafta Talks Likely Later This Year

The video discusses the US trade deficit with Mexico post-NAFTA, highlighting changes and strategies to reduce it. It covers negotiation dynamics, expected concessions, and the urgency of resolving trade issues. Potential sticking points and concerns about a trade war are also addressed.

What was the change in the US-Mexico trade relationship after NAFTA?

• The trade deficit decreased significantly.

• The trade deficit remained the same.

• The US had a trade surplus with Mexico.

• The US developed a substantial trade deficit with Mexico.

What is one of the US's goals regarding its trade deficit with Mexico?

• To maintain the current trade deficit.

• To increase the trade deficit.

• To ignore the trade deficit.

• To reduce or eliminate the trade deficit.

What is the TPA process mentioned in the context of trade negotiations?

• A process that allows immediate negotiation results.

• A process that focuses solely on environmental issues.

• A fast-track process with a couple of months starting point.

• A process that delays negotiations indefinitely.

What are some potential sticking points in the trade negotiations?

• Rules of origin and environmental restrictions.

• Military alliances.

• Only financial regulations.

• Cultural exchanges.

How does the US view its current trade situation?

• As a peaceful trade environment.

• As a trade war that has been ongoing for decades.

• As a new trade war starting now.

• As a resolved trade issue.