Is the new NAFTA the biggest trade deal ever, as Donald Trump said?

President Donald Trump sat down with the Canadian and Mexican heads of state to sign the renegotiated North American Free Trade Agreement, or NAFTA, at the G20 summit in Buenos Aires, Argentina, on Nov. 30. And of course, Trump touted the deal — re-dubbed the United States–Mexico–Canada Agreement, or USMCA — with superlatives. “The USMCA is the largest, most significant, modern and balanced trade agreement in history,” Trump said. “All of our countries will benefit greatly. It is probably the largest trade deal ever made, also.” Trump’s statement is somewhat subjective, so we won’t place it on the Truth-O-Meter. But we … >>More

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  1. Economists who sit in their office and read statistics sometimes can only think that increased trade is always the best thing for the US. But at what cost? We now purchase more than we sell to other countries and this shows up as an increase in trade, the hidden statistics are less US production, less US jobs and less US manufacturing. Good for Mexico, Canada and China, not so good for US.

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