By now you may be wondering if the trade deals negotiated by the Obama administration are good or bad.
They are both.
NAFTA: The Trade in Services Agreement (TiSA) was signed in January 2000, and it was designed to make trade between the United States and Canada and Mexico more transparent and secure.
This was supposed to be the first round of negotiations for TiSA and it took a long time for the agreement to be ratified by Congress.
However, TiSA was supposed not to be about jobs or exports but rather about reducing the number of foreign tariffs imposed on U.S. businesses.
In fact, TiNA’s goals were to reduce the tariffs of 20 percent or more on every single item sold in the United, Canada and Mexican economies.
However that didn’t happen, and the U.K. has since voted to exit the agreement.
The Trump administration is planning to renegotiate the agreement and is considering new proposals that would significantly reduce U.s. tariffs on U,N.
goods and services, including dairy products, pharmaceuticals and energy.
This would allow U.N. members to bring back their tariffs to levels comparable to what they impose on U