Time Running Out for Nafta Deal With New Talks Starting

The transcript discusses the negotiation and potential upgrades of NAFTA, highlighting its impact on jobs and competitiveness. It addresses trade issues, particularly with Canada, focusing on dispute resolution and tariffs. The conversation shifts to US-China trade relations, emphasizing the need for market access and addressing WTO abuses. The discussion concludes with a debate on the effectiveness of multilateral versus bilateral trade agreements.

What is one of the main goals of the NAFTA upgrade discussed in the video?

• To eliminate all tariffs between member countries

• To break apart the existing agreement

• To reduce the number of jobs in North America

• To include modern economic issues like intellectual property

What are the sticking points preventing a new NAFTA agreement?

• New technologies and e-commerce

• Old issues like agriculture and dispute resolution

• Cybersecurity concerns

• Intellectual property rights

What is the main concern of U.S. companies regarding the proposed tariffs on Chinese imports?

• They believe tariffs will increase competition

• They are uniformly supportive of the tariffs

• They object to the tariffs due to potential negative impacts

• They think tariffs will reduce market access

What strategy does the speaker suggest for dealing with China's trade practices?

• Imposing more tariffs

• Joining with allies to address issues

• Focusing solely on bilateral agreements

• Ignoring the trade practices

What is the speaker's opinion on bilateral versus multilateral agreements?

• Multilateral agreements are less effective

• Bilateral agreements are the only solution

• Bilateral agreements are more effective

• Multilateral agreements are more effective