Donald Trump’s grandiose claims that NAFTA 2.0 will generate a flood of new U.S. jobs and be a boon for U.S. farmers are eerily similar to claims President Bill Clinton made in 1993 to sell NAFTA. After 25 years, nearly one million U.S. jobs are government certified as lost to NAFTA and 240,000 small farms have been destroyed as a U.S. agricultural trade surplus with Mexico and Canada became a deficit. NAFTA 2.0 remains a work-in-progress.
If certain improvements are made, a final package could stop some of NAFTA’s ongoing damage. But NAFTA 2.0 cannot possibly measure up to Trump’s sales pitch.