Economist Krugman Says Nafta Wasn't Great But Not Demonic

The video discusses the geopolitical and economic threats posed by China and other Asian countries to the US, emphasizing the importance of US involvement in trade deals like TPP. It explores the leverage the US holds in global trade, particularly with China and the EU, and the potential consequences of breaking trade commitments. The impact of NAFTA on Mexico's economic development is analyzed, highlighting issues like wage arbitrage and infrastructure. Finally, the border adjustment tax is examined, questioning its effectiveness as a revenue alternative and its impact on US consumers.

What is the speaker's perspective on the impact of NAFTA on American and Mexican workers?

Discuss the implications of a border adjustment tax as mentioned in the text.