What Renegotiating NAFTA Would Mean For Illinois’ Economy

Economist: NAFTA Benefits Economy Despite Job Losses
Back row, left to right: Mexican President Carlos Salinas de Gortari, U.S. President George H. W. Bush, and Canadian Prime Minister Brian Mulroney, at the initialing of the draft North American Free Trade Agreement in October 1992. In front are Mexican Secretary of Commerce and Industrial Development Jaime Serra Puche, United States Trade Representative Carla Hills, and Canadian Minister of International Trade Michael Wilson. (Wikimedia Commons)
Economist: NAFTA Benefits Economy Despite Job Losses
Back row, left to right: Mexican President Carlos Salinas de Gortari, U.S. President George H. W. Bush, and Canadian Prime Minister Brian Mulroney, at the initialing of the draft North American Free Trade Agreement in October 1992. In front are Mexican Secretary of Commerce and Industrial Development Jaime Serra Puche, United States Trade Representative Carla Hills, and Canadian Minister of International Trade Michael Wilson. (Wikimedia Commons)

What Renegotiating NAFTA Would Mean For Illinois’ Economy

The North American Free Trade Agreement is on the table as President Donald Trump plans to renegotiate the long-standing deal. Calling NAFTA the “worst trade deal in history,” Trump has criticized former President Bill Clinton for signing it in 1993. The agreement allowed for the U.S., Mexico, and Canada to trade goods without having to pay high tariffs. What will renegotiating it mean for Illinois manufacturers? A majority of the state’s exports go to NAFTA partners Canada and Mexico. Morning Shift talks to Greg Baise, the president and CEO of the Illinois Manufacturers’ Association.