NAFTA had three major advantages. U.S. food prices declined due to duty-free imports from Mexico. Oil imported from Canada and Mexico prevented gasoline prices from rising. NAFTA has also increased trade and economic growth in all three countries. The agreement also provided for administrative, civil and criminal penalties imposed on companies that violated any of the agreed customs procedures and standard requirements. Since the adoption of NAFTA, U.S. trade interests have often expressed great satisfaction with the agreement. Trade between the three NAFTA countries has increased sharply, but this increase in trade activity has led to an increase in U.S.
trade deficits with Canada and Mexico; the United States imports more from Mexico and Canada than it exports to these trading partners. Critics of the deal argue that NAFTA has been at least partly responsible for these trade deficits, as well as the blatant loss of manufacturing jobs in the United States over the past decade. But manufacturing jobs began to decline before NAFTA. The NAFTA debate continues. An October 2017 commentary in Toronto`s Globe and Mail asked whether the U.S. wants to renegotiate the deal or plans to refrain from it no matter what, noting that new U.S. Ambassador Kelly Knight Craft is married to the owner of Alliance Resource Partners, a major U.S. coal mine. Canada is implementing a carbon plan, and it`s also about selling bomber planes….