Trump Wants to Take American Car Makers on a Rough NAFTA Ride: New at Reason

The Trump administration is renegotiating NAFTA—the 24-year-old trade deal between America, Mexico and Canada that the president has repeatedly denounces as a “terrible”—in order to help America’s manufacturing industry. But does the industry want this so-called help? Not really, if U.S. automakers are any indication.

Mercatus Center’s Daniel Griswold, a senior research fellow and co-director of the Program on the American Economy and Globalization, points out that many of the new terms the administration is demanding will make the American auto industry less globally competitive without saving American jobs.

If the administration gets its way, it’ll convert a win-win arrangement into a losing proposition for America’s trading partners and America’s industry.

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