Ditching NAFTA Not in America’s Best Interests

28

Texas has the most to lose of any U.S. state if NAFTA talks go wrong. It has a great deal to gain if the talks to modernize NAFTA go well. Now that the negotiations have slowed over controversial U.S. proposals, Texans and their elected federal and state representatives should be making very clear to the Trump administration team overseeing the NAFTA negotiations that they should do no harm to the massive Texas-Mexico trade relationship, and rather focus on creating new opportunities.

The controversial U.S. proposals and hardball tactics, however, could freeze the talks or send them off the tracks. A decision to pull out of NAFTA, as President Trump has threatened, could cost 250,000 to 1.2 million U.S. jobs, according to one 2017 study. A failed NAFTA negotiation would endanger many thousands of Texas jobs, the state’s largest foreign client and cooperation along the border.

Texas trades $178 billion a year with Mexico. That is more than the entire United States trades with any single country in Europe. It translates into over $20 million of trade each hour: Things are bigger in Texas!

Read the entire article on the Houston Chronicle…

Source