Can NAFTA really explain Trump's popularity?
Photo Credit: Getty Images
An article in Bloomberg business attempts to explain the reasons behind Trump’s rise and popularity – especially in the Midwest. Their answer? NAFTA.
In the late eighties, trade between the US and Mexico was fairly tame. Neither side held an advantage or deficit over the other. When trade deficits would occur, they were never larger than a few billion dollars.
Then, President Bill Clinton and the Senate passed the North American Free Trade Agreement, which allowed factories from all over the US to close and move their operations south – where labor and materials were much cheaper.
The article in Bloomberg Business says Trump’s ability to tap into middle-America’s anger stems directly from that trade deal. Trump has made trade a big part of his stump speeches, constantly saying that the US is 'getting screwed' on trade.
The article explores why middle-America is so angry, and why they believe it's connected to NAFTA.
Read more with Bloomberg Business.
Photo Credit: Getty Images
An article in Bloomberg business attempts to explain the reasons behind Trump’s rise and popularity – especially in the Midwest. Their answer? NAFTA.
In the late eighties, trade between the US and Mexico was fairly tame. Neither side held an advantage or deficit over the other. When trade deficits would occur, they were never larger than a few billion dollars.
Then, President Bill Clinton and the Senate passed the North American Free Trade Agreement, which allowed factories from all over the US to close and move their operations south – where labor and materials were much cheaper.
The article in Bloomberg Business says Trump’s ability to tap into middle-America’s anger stems directly from that trade deal. Trump has made trade a big part of his stump speeches, constantly saying that the US is 'getting screwed' on trade.
The article explores why middle-America is so angry, and why they believe it's connected to NAFTA.
Read more with Bloomberg Business.