nafta

Jorge Sanhueza-Lyon/KUT News

From Texas Standard

The North American Free Trade Agreement went into effect January 1, 1994 The pact was created to bolster trading of commodities between Canada, the U.S. and Mexico, by eliminating trade tariffs. But some argue that making it cheaper to trade also made it easier for companies to move American jobs elsewhere.

Image via Flickr/Texas Comptroller (CC BY 2.0)

From Texas Standard:

Even though the Texas Legislature failed to pass measures to reform property taxes or the school finance system during the regular and special sessions, the Federal Reserve Bank of Dallas says the Texas economy continues to grow at a solid pace.

Comptroller Glenn Hegar is the chief tax collector, accountant and revenue estimator for the state government. Among his responsibilities is providing the legislature with an estimate of state revenue before each regular legislative session.

 

Lorne Matalon

From Texas Standard:

As the U.S., Mexico and Canada begin renegotiating the North American Free Trade Agreement, or NAFTA — an agreement that President Donald Trump famously promised to end — American businesses have doubled down on the argument that NAFTA has been good, on balance, for everyone.  

KOMUnews/Flickr (CC BY 2.0)

From Texas Standard:

President Donald Trump has called the North American Free Trade Agreement "the worst trade deal in the history of the world." But a group of Texas business leaders begs to differ. In a step toward preserving what works about NAFTA, the Texas Association of Business and Texas Business Leadership Council have formed the Texas-Mexico Trade Coalition.

Sarangib/Pixabay (Public Domain)

From Texas Standard:

During the 2016 presidential campaign, Donald Trump famously criticized NAFTA as the “worst trade deal ever signed in this country.” President Trump is now taking a somewhat softer line on NAFTA. A draft letter from the White House emerged this week that indicates the administration wants to re-negotiate the trade agreement with Mexico and Canada, leaving some provisions in place, while seeking changes to others. The document contains few details, but it does indicate that the president would like the ability to impose tariffs on some imported products. Re-opening NAFTA negotiations would require Congressional approval.

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