Bush Era Trade Representative Says Ending NAFTA a Mistake

The North American Free Trade Agreement could use an update, but withdrawing the United States from the 1994 accord could dismantle key supply chains and threaten millions of U.S. jobs, former U.S. Trade Representative Carla Hills said Monday.

“It would be the gravest mistake you could make, economically, for our nation,” Hills, who served as trade representative under President George H. W. Bush, told CNBC’s “Squawk on the Street.”

On Monday, President Donald Trump will meet with Canadian Prime Minister Justin Trudeau. The two will reportedly discuss economic ties, jobs and women in the workforce.

“Canada is our largest export destination, and Mexico is our second largest. And I think the prime minister does not want that to be destroyed,” Hills said.

via CNBC

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza