There have been a lot of talk regarding NAFTA and TPP but it doesn’t seem that there has been a lot of understanding of what either actually is. Donald Trump, in particular, doesn’t seem to understand the basic concepts behind either. So let’s talk about both a little.
NAFTA stands for the North American Free Trade Agreement. It was a long negotiated agreement between the United States, Mexico, and Canada to loosen tariffs between the 3 countries. It’s entire point was to increase trade between the 3 countries and there is little question it did.