What to Expect From Nafta Negotiations

The video discusses the upcoming trade talks led by Trump, focusing on reducing the trade deficit with Mexico. The US aims to achieve this through various provisions, including tightening rules of origin and enhancing labor and environmental protections. While there is a trade deficit with Mexico, there is a surplus with Canada, which complicates the overall trade balance. The video also highlights the challenges in reversing the trade deficit, particularly in the auto sector, and outlines the goals for NAFTA negotiations.

What challenges might arise in achieving the goal of reducing the trade deficit?

What impact has NAFTA had on Mexico's economy, particularly in the auto sector?