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The North American Free Trade Agreement (NAFTA) is a trade agreement between the United States, Canada, and Mexico that took effect in 1994. It eliminated many tariffs and restrictions to allow free trade among these countries.

Discuss the positive and negative effects of the North American Free Trade Agreement on the United States. Support your conclusions with examples and evidence from the lesson.

Answer :

Tundexi

In an overview, the advantages of the North American Free Trade Agreement outweighs the challenges posed by the trade agreement.

What is the North American Free Trade Agreement?

The trade agreement was an agreement between the United States, Canada, and Mexico that took effect in 1994 which an aim of eliminating many tariffs and restrictions to allow free trade among these countries.

The Advantages of NAFTA in U.S. are:

  • it lowered the price of many goods.
  • it was good for GDP.
  • it was good for diplomatic relations.
  • it increased exports and created regional production blocs.
  • It lead to Foreign direct investment

The Disadvantages of NAFTA in U.S. are:

  • it led to the loss of U.S. manufacturing jobs.
  • it hurt the economic prospects of small farmers and business owners.
  • it suppressed wages for non-college-educated workers in the U.S.
  • the environmental and labor standards could have been higher.

Read more about NAFTA

brainly.com/question/27372794

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