CLEAN : Economist says Mexicans welcome NAFTA renegotiation

The video discusses the economic reactions to political events, particularly focusing on the market's response to the potential changes in NAFTA under Trump's administration. It highlights the initial nervousness in the markets and the subsequent relief once negotiations were confirmed. The discussion also covers the importance of modernizing NAFTA for mutual benefits and touches on cultural and economic perspectives related to policy changes.

What was the initial market reaction to the uncertainty surrounding the United States' position on NAFTA?

• Markets were unaffected.

• Markets experienced a slight decline.

• Markets got nervous and exchange rates increased sharply.

• Markets remained stable.

What was the United States' clarified intention regarding NAFTA?

• To renegotiate and modernize NAFTA.

• To maintain the current NAFTA agreement.

• To form a new trade agreement with Europe.

• To immediately withdraw from NAFTA.

What was the general sentiment once it was confirmed that the US would not leave NAFTA immediately?

• Relief and a return to normalcy.

• Increased anxiety and uncertainty.

• Indifference to the news.

• Panic in the markets.

Why is it considered beneficial for all parties, including Mexico, to renegotiate NAFTA?

• To reduce the number of trade partners.

• To increase tariffs on imports.

• To modernize the agreement and address current economic realities.

• To eliminate trade between the countries.

How did stakeholders prepare for the renegotiation of NAFTA?

• By forming new trade alliances.

• By deciding to withdraw from the agreement.

• By preparing extensively for the negotiations.

• By ignoring the potential changes.