Pros And Cons Of Nafta

Donald Trump has been elected as the 45th president of United States of America. He has pledged “to make America great again” and recreate the American Dream. The election process, the rivalry between Hillary Clinton and Donald Trump, was one of the most rancorous in the US history. While the two candidates argued on national security, foreign affairs, the economy was again the most prominent subject of debate.

2008 financial crisis caused a tremendous bust in US economy, the housing market collapsed, thousands of citizens became unemployed and they lost their credit-based houses, prominent financial institutions also collapsed, Lehman Brothers being among them. Most significantly, people lost confidence on economy as a whole. It genuinely

3- Trade: Trump opposes the NAFTA and aims to withdraw from the Trans-Pacific Partnership.
- What was the significance of such agreements?
NAFTA: Creates a free trade zone between Canada, US and Mexico. Its main goal is to increase economic prosperity. NAFTA has increased trade and investment levels in North America and created jobs.

TPP: It is the set of rules for global trade in Pacific. It was believed to promote American national products ( exports) and help grow the American economy. It was believed to reduce unemployment in US and strengthen the middle classes also. The member countries are Australia, Canada, Vietnam, US, Peru, Malaysia, Japan, Mexico, New Zealand, Brunei, Chile and Singapore. President thinks otherwise; he seems to believe it has been working completely against US interests while benefiting China in particular. He promises to withdraw from TTIP. It remains to be seen whether he is right. However, it is certainly a big decision and

Trump, in his inauguration speech, pledged to make massive infrastructure investments and “make America great again” as he reiterates over and over again in his campaign speech. He is completely against the leader of China, Xi Jinping and his economic agenda, he aims to push China out of the global perspective and decrease its exports. It seems President Trump sees most of the adverse developments in US economy as related to China and we may therefore expect to see much conflict between US and China going forward in terms of redefining of economic partnership as apparently Mr Trump is extremely unhappy about the current state of things.
5- Trump will repeal Obamacare. This is one of the most criticized reforms since building Obamacare care was an elaborate and detailed job. Many Americans got access to health care sectors and insurance. Although US congress and Republicans were against Obamacare even from the beginning of the project, many citizens will be devastated if Trump administration cannot come up with a good Medicare system.
The inauguration of Trump may or may not be a turning point in US History. With his unprecedentedly aggressive rhetoric on everything from economy to immigration, President Trump appears far from being a conventional