New Trade Deal Is a Win for Trump, BridgePark's Selig Says

The transcript discusses the update of NAFTA, highlighting its benefits for US businesses and workers, particularly in the dairy and auto sectors. It compares the trade negotiations with China, noting the complexity and differences in economic systems. The rebranding of NAFTA as a new deal includes elements from the TPP, focusing on labor rights and environmental standards. The economic impact is expected to be positive, with increased manufacturing strength in North America and reduced uncertainty for businesses.

What is one of the main benefits of the updated NAFTA agreement for the US?

• Better access to the Canadian dairy market

• Increased tariffs on Canadian goods

• Exiting the global supply chains

• Reducing North American content in auto manufacturing

Why is the NAFTA negotiation strategy not directly applicable to China?

• China is an ally of the United States

• China operates in a different commercial and economic sphere

• China has a similar economic system to the US

• China is a market economy like Canada

How does the new NAFTA deal affect the relationship with China?

• It strengthens China's position in global trade

• It bars members from negotiating with non-market economies like China

• It allows new trade deals with China

• It has no impact on China

What is a criticism of the new NAFTA agreement according to Trump critics?

• It does not include any provisions from TPP

• It is merely a refurbishment of the existing NAFTA

• It is a complete overhaul of NAFTA

• It introduces too many new regulations

Which sector is expected to benefit from increased market access under the new NAFTA agreement?

• Technology

• Dairy

• Pharmaceuticals

• Textiles

What is one of the expected outcomes for the automotive industry under the new NAFTA deal?

• Decrease in North American content

• Increase in North American content to 75%

• Reduction in employment opportunities

• Elimination of tariffs on European cars

What is a potential benefit of the new NAFTA agreement for the North American economy?

• Decrease in automotive production

• Increased uncertainty in trade relations

• Reduction in dairy exports

• Strengthening of the manufacturing block