North American Free Trade Agreement | Michigan Radio
WUOMFM

North American Free Trade Agreement

man building a car
General Motors

The North American Free Trade Agreement (NAFTA) might be in for a shakeup – and Michigan could feel the effects.

President Donald Trump has been negotiating with the U.S.’s neighbors to the north and south.

Michigan auto show
Michigan International Auto Show

 

President Trump says he has reached a trade deal with Mexico to replace NAFTA, even though the agreement announced on Monday does not include Canada.

Auto Manufacturers
Fiat Chrysler Automobiles

 


Earlier this month, President Trump announced new tariffs on steel and aluminum imported from the European Union, Canada, and Mexico. 

American automakers have indicated that these tariffs could be detrimental to the industry, estimating that just under 200,000 jobs will be lost in the first one to three years. 

Daniel Howes is a business columnist with the Detroit News. He sat down with Stateside’s Lester Graham to discuss how automakers are confronting the Trump administration. 

Ambassador Bridge
J. Stephen Conn / FLICKR - HTTP://J.MP/1SPGCl0

 


Last week, Canada’s Minister of International Trade made an official visit to Detroit to meet with auto industry officials and other business leaders. 

Francois-Philippe Champagne sat down with Stateside to discuss the future of trade relations between the U.S. and Canada and the impact that relationship has on Michigan.

automotiveauto.info

President Trump followed up on a key campaign promise last week and formally notified Congress of his intent to renegotiate the North American Free Trade Agreement.

Some economists say there's more of a downside than an upside to opening up the landmark deal, especially for Michigan.

Charles Ballard is an economist at Michigan State University. "My advice to anybody talking about renegotiating NAFTA, if you have to use a scalpel, use a scalpel.  Please don't use a meat ax," Ballard said.