Trump Says He Kept His Promise to Renegotiate Nafta Deal

The transcript discusses the completion of negotiations for the USMCA, a new trade agreement replacing NAFTA. It highlights the perceived failures of NAFTA, including significant trade deficits and job losses in the US. The speaker emphasizes the promise to renegotiate NAFTA and the successful negotiation of a new agreement based on fairness and reciprocity.

What is the new trade agreement that replaces NAFTA?

• USMCA

• USCAM

• USMEX

• USCAN

According to the speaker, what was one of the major consequences of NAFTA for the United States?

• Higher tariffs on imports

• Loss of manufacturing jobs

• Trade surpluses

• Increased agricultural exports

How did the speaker describe the impact of NAFTA on the auto industry?

• It created more jobs

• It increased wages

• It led to a 25% job loss

• It had no impact

What principle is emphasized as crucial in the new USMCA agreement?

• Reciprocity

• Protectionism

• Isolationism

• Subsidization

Why does the speaker believe fairness is important in trade agreements?

• To increase tariffs

• To ensure equal treatment

• To reduce exports

• To promote isolation