Describing the bilateral agreement

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Assignment:

The end of NAFTA?

The United States has decided to end its North American Free Trade Agreement in favor of trade agreement that supports the United States. The benefits of such an agreement include:

- More jobs for Americans

- More revenue flowing into the United States

The changes proposed include:

NAFTA

i. The deal would require 75 percent of auto content to be made in the NAFTA region, up from the current level of 62.5 percent, a U.S. trade official said. A fact sheet describing the bilateral agreement specified the content would be made in the United States and Mexico.

That requirement could shift some auto parts manufacturing to Mexico from China, a White House official told Reuters, speaking on condition of anonymity.

ii. The Trump administration said the deal improves labor provisions, in part by requiring 40 percent to 45 percent of auto content to be made by workers earning at least $16 per hour.

That measure could move some production back to the United States from Mexico and should lift Mexican wages, the White House official said.

Do some research on the web (hint: look at the data related to points I and ii). Is this a good deal for the USA?

Reference no: EM133237355

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