NAFTA and USMCA Impacts and Goals

The video explains NAFTA, a trade agreement between Canada, the U.S., and Mexico, which promoted free trade and economic benefits like job creation and lower prices. However, it also led to job losses in the U.S. and environmental issues in Mexico. The USMCA, a renegotiated version of NAFTA, introduces changes such as factory inspections, access to Canada's dairy market, and wage increases for auto workers.

What was one of the primary goals of NAFTA?

• To increase taxes on American goods

• To reduce trade between Canada and Mexico

• To promote free trade without tariffs

• To increase tariffs between member countries

Which sector in the U.S. benefited significantly from NAFTA?

• Agriculture

• Technology

• Automobile

• Textile

What was a major negative impact of NAFTA on American workers?

• More job opportunities

• Increased wages

• Job losses due to factory relocations

• Higher taxes

What environmental issue arose from NAFTA?

• Oil spills in the Gulf of Mexico

• Deforestation in Canada

• Air pollution in the United States

• Increased pollution from maquiladoras

How did NAFTA affect illegal immigration from Mexico to the U.S.?

• It doubled

• It was eliminated

• It decreased significantly

• It remained the same

What was one of the reasons for renegotiating NAFTA?

• To address issues faced by Mexican farmers

• To increase tariffs

• To eliminate free trade

• To reduce trade with Canada

What is a significant change introduced by the USMCA?

• Mandatory factory inspections for labor violations

• Elimination of automobile production requirements

• Increased tariffs on dairy products

• Higher taxes on Canadian goods

Under the USMCA, what percentage of automobile parts must be produced within the three-nation bloc?

• 75%

• 50%

• 90%

• 60%

What is the minimum wage for auto workers under the USMCA?

• $16 an hour

• $12 an hour

• $10 an hour

• $20 an hour

What is the expected outcome of the USMCA according to the video?

• Improved trade relations and benefits

• Increased trade barriers

• Decreased trade with Mexico

• Higher tariffs on Canadian goods