In this episode, I am interviewed by Liz Wheeler of One America News Network on the costs and benefits of the proposed trade deal between the U.S. and Mexico. While consumers will likely pay higher prices for autos, there are benefits of the deal as well. It's important that NAFTA continue as it supports abundant prosperity, especially in Texas.
Here's my press release today and recent research on how people prosper from trade, including NAFTA. A big part of the benefit of today's proposed bilateral trade deal is that it reduces the foreign trade uncertainty holding back economic activity. While tariffs may have contributed to a faster agreement, tariffs are nothing more than a tax and shouldn't be used in such a manner unless willing to increase taxes and raise more revenue to expand government, which isn't something I'm willing to do nor should Americans as it makes people poor.
Hopefully there will be lower trade barriers overall when the agreement is finalized between the U.S., Mexico, and Canada. If not, Texans and all Americans will lose in the process.
Vance Ginn, Ph.D.