The Pros And Cons Of NAFTA

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Changes to the trading policy has always come with insidious lies and sacrifice of powerless workers. There has always been voices of concerns, but they are _?_ drowned by sweet promises. When the Congress was arguing whether the U.S. should join North American Free Trade Agreement (NAFTA), which is a trading agreement among the U.S., Canada and Mexico that allowed more free flowing commerce by eliminating many tariffs among the signatory countries, many corporations and their lobbyists argued that NAFTA will create more jobs for Americans and benefit the U.S. economy as a whole. For example, General Electric predicted $7.5 billion increase in sale for next 10 years after NAFTA, and promised that it will create another 10,000 jobs for Americans …show more content…

in both economic and sociological way. According to research done by the Peterson Institute of International Economics, TPP will increase the U.S. real income $77 billion per year by 2025 (Murphy 1). This can be explained by increase in export and import due to elimination of 18,000 taxes and tariffs on exported goods between TPP signatory nations (“Overall U.S.” 1). For example, tariffs placed by TPP nations on car built in Michigan will drop from 55% to 0, and it will open new market space in countries like Japan (“Overall U.S.” 1). Also, TPP requires all countries to meet the similar labor standard to that of the U.S., thus helping the U.S. worker be competitive globally (“Overall U.S.” 3). Sociologically, TPP will tighten the U.S. relationships between its allies in the Asia-Pacific regions. By creating its own economic influence among geopolitical allies, the U.S. and its allies can increase the national power without being influenced by geopolitical rivals like China (Mirski 2). This will sustain the current power balance in the Asia-Pacific region and the U.S. security. For those reasons, advocates for TPP argue that joining TPP will be the best choice for the

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