The Briefing Room

General Category => Economy/Business => Topic started by: endicom on November 09, 2017, 01:44:48 pm

Title: Cruz Warns of ‘Profound Damage’ to Economy if NAFTA Terminated
Post by: endicom on November 09, 2017, 01:44:48 pm

PJ Media
Nicholas Ballasy
Nov. 8, 2017

WASHINGTON – Sen. Ted Cruz (R-Texas) argued that the North American Free Trade Agreement renegotiation should “expand” international trade, and warned that terminating the pact would wreak “profound damage” on the U.S. economy.

“Texans believe in international trade. We believe in it because we benefit from it firsthand. There are about 2.2 million jobs in the state of Texas that depend on international trade. NAFTA has created millions of jobs across the United States – a great many of them in the great state of Texas,” Cruz said at a U.S. Chamber of Commerce event last week on “The Future of NAFTA: The Stakes for American Agriculture and Business.”

More... https://pjmedia.com/news-and-politics/cruz-warns-profound-damage-economy-nafta-terminated/

Title: Re: Cruz Warns of ‘Profound Damage’ to Economy if NAFTA Terminated
Post by: endicom on November 09, 2017, 01:48:49 pm

NAFTA is negotiated trade, freer than before but not free. Trump has claimed the treaty is currently to the disadvantage of the US.

I agree with Cruz in general terms but the devil will be in the details of what comes of the ongoing negotiations.