MEXICO CITY – Donald Trump has pledged to renegotiate or terminate the North American Free Trade Agreement, saying that it’s been a disaster for the U.S.
And the billionaire front-runner for the Republican nomination isn’t the first presidential candidate to bash the deal: Since its inception (Ross Perot warned of a “giant sucking sound” pulling jobs to Mexico), NAFTA has been a popular punching bag for politicians. Despite the idea’s popularity, pulling out of NAFTA could have all sorts of unintended consequences for U.S. businesses and the economy.
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