U.S. and Canada Race Towards Nafta Deal

The transcript discusses the imminent NAFTA deal involving the US, Canada, and Mexico, highlighting key negotiation hurdles such as tariffs and market access. It also covers the call for international trade reforms by the WTO, IMF, and World Bank, driven by concerns over slow reform pace and the impact of the US's America First policy.

What is the main reason for the urgency in finalizing the NAFTA deal according to the US side?

• To increase tariffs on Canadian goods

• To address business concerns about supply chains

• To reduce trade with Europe

• To improve relations with Mexico

What is one of the key demands from Canada in the NAFTA negotiations?

• Access to the US dairy market

• Increase in US auto exports

• Exemption from US steel and aluminum tariffs

• Reduction of tariffs on Mexican goods

What economic impact could US auto tariffs have on Canada?

• Boost the Canadian economy

• Lead to a recession in Canada

• Increase Canadian exports

• Strengthen the Canadian dollar

Which organizations issued a joint call for international trade reforms?

• G7, G20, and BRICS

• NAFTA, ASEAN, and OPEC

• WTO, IMF, and World Bank

• UN, NATO, and EU

What is a concern for the WTO, IMF, and World Bank regarding the modern economy?

• The increase in global population

• The decline of traditional industries

• The slow pace of trade reforms

• The rise of cryptocurrency