Trump’s new trade deal is just NAFTA ‘with some bells and whistles,’ analysts say

Trump MAGA hatJae C. Hong/AP Images

  • Officials reached the US-Mexico-Canada Agreement after a year of negotiations Sunday.
  • President Donald Trump portrayed it as a groundbreaking pact. 
  • But analysts say the new agreement isn’t too different from the original NAFTA deal.

While President Donald Trump hails a revised NAFTA as the “most advanced trade deal in the world,” some analysts are wondering what all the hype is about.

Officials reached a breakthrough on the US-Mexico-Canada Agreement in 11th-hour negotiations Sunday night, calming fears that the trilateral deal could be scrapped when a self-imposed deadline hit hours later. But analysts say the new deal doesn’t look very different from the trade dynamics that have governed the US and its neighbors for decades.

See the rest of the story at Business Insider

NOW WATCH: 7 outdoor adventures that are worth the hike

See Also:

SEE ALSO: US, Canada reach an agreement on NAFTA rewrite, paving the way for an overhaul of the massive trade deal

Post Author: martin

Avatar
Martin is an enthusiastic programmer, a webdeveloper and a young entrepreneur. He is intereted into computers for a long time. In the age of 10 he has programmed his first website and since then he has been working on web technologies until now. He is the Founder and Editor-in-Chief of BriefNews.eu and PCHealthBoost.info Online Magazines. His colleagues appreciate him as a passionate workhorse, a fan of new technologies, an eternal optimist and a dreamer, but especially the soul of the team for whom he can do anything in the world.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.