The Challenges Weighing on the Nafta Negotiations

The video discusses the complexities of the trade deficit, emphasizing that focusing solely on it can be harmful. It examines the US government's strategies to reduce the trade deficit, such as limiting exports from Mexico and Canada, and the potential consequences of these actions. The video also explores the decision-making process for Mexico and Canada, weighing the costs and benefits of staying in NAFTA versus switching to WTO rules.

What are the potential harms of focusing solely on the trade deficit?

How might the US government's actions to reduce the trade deficit affect its relations with Mexico and Canada?

What alternatives do Mexico and Canada have if negotiations regarding NAFTA do not go well?

What factors might influence Mexico and Canada's decision to stay in NAFTA or switch to WTO rules?

In what ways could the trade deficit discussions impact the overall economic strategies of the US, Mexico, and Canada?