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The Pros And Cons Of NAFTA

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The impact on U.S. wages was to be expected. The majority of workers who lost their jobs lost a permanent source of income in the process. It also gave employers the ability to force workers to accept lower wages. As soon as NAFTA was put into effect, U.S. employers began to tell workers that the company will move to Mexico unless they lowered the cost of their wages. These same threats were used against labor unions.
As is to be expected, their are current debates over the benefits and repercussions of the agreement. While 56% of Americans believe that NAFTA is more beneficial for the U.S., the other 33% are left with a foul taste in their mouths. More than half of Republicans believe that Mexico benefits more than we do, with some Democrats …show more content…

One example would be the KORUS FTA. The U.S. - Korean Free Trade Agreement was signed on June 30, 2007 and entered into force on March 15, 2012. This agreement between South Korea and the United States increases not only job opportunities in both nations, but increases economic growth while providing security and shared values between the two. Trump is currently hinting at terminating this agreement, claiming it to be “horrible” and “destroying” America. There couldn’t be a more inopportune time to make such a drastic decision such as this, which North Korea’ threatening with nuclear warfare and China beginning to flex its muscles. South Korea has been an ally to the United States for the last 70 years and no one can predict Trump’s final decision. Another example would be the Australia FTA. The Australia - United States Free Trade Agreement, which came into effect on January 1, 2005 increases the chances for bringing Australian products into the American market. Based off of NAFTA, this agreement between Australia and the United States enhances prospects for Australian services, trade and investment, improves the investment environment between the two countries and promotes increased business

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