NAFTA 2.0 - WHAT'S THE DEAL?
September 28, 2018 / Dan DiMaggio
What does a renegotiated NAFTA mean for workers in the U.S., Canada, and Mexico? At best, it might stem some of the bleeding.
The presidents of the U.S. and Mexico announced on August 27 that they had reached a deal. A month later, Canada is still out of the agreement, though negotiations are likely to continue over the next few months. Text of the draft deal between the U.S. and Mexico may be published as soon as today.
Workers in all three countries have suffered under a decades-long corporate offensive. Unions and civil society groups have long pushed to amend or scrap the 24-year-old agreement.
NAFTA is blamed for the loss of over a million manufacturing jobs from the U.S. and Canada to low-wage Mexico. It also decimated Mexican farmers and small businesses, helping spur migration to urban areas and into the U.S.
On the campaign trail, now-President Trump pledged to pull the U.S. out of what he termed “the worst trade deal ever.” Once in office, he shifted to renegotiating it. (Read More)