The US and Mexico have reached an agreement, according to news reports:
"President Donald Trump said the deal would be called The United States-Mexico Trade agreement, leaving behind the 24-year-old NAFTA name.It'd be interesting to see how specifically the new deal is better for farmers and manufacturers.
"The name NAFTA has a bad connotation because the United States was hurt very badly by NAFTA," he said. Trump added that the deal with Mexico is also very special for farmers and manufacturers."
My impression was that NAFTA was good for US farmers but not for their Mexican counterparts. At least, that's what they used to tell in Mexico.
As for manufacturers, will it encourage companies to stay in the US?
Where is Canada? We're still talking and apparently they will join the agreement later.
At the same time, doing a separate deal with Mexico and another with Canada may be the best way to go.
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