Courtesy of Mish.
President Trump and his trade czar, Peter Navarro, are moaning and groaning about NAFTA and the US trade imbalance with Mexico.
“NAFTA has been a catastrophe for our country; it’s been a catastrophe for our workers and our jobs and our companies,” said Trump on February 2.
Let’s investigate this allegedly catastrophic deal for the US with a set of pictures.
Manufacturing Employment
Trump and Navarro moan about NAFTA causing a loss of US manufacturing jobs. If anything, NAFTA stabilized or increased US manufacturing jobs for six or seven years thanks to increase in bilateral trade.
The demise in US manufacturing jobs started in June of 1979, long before anyone could blame either Mexico or China.
US Balance of Trade in Goods with Mexico




