WASHINGTON (MarketWatch) — Is a 1994 trade deal with Mexico really as one-sided as President Donald Trump claims? Does Mexico benefit much more than the United States? A close look at trade between the two countries shows the answer is not cut and dried.
On Thursday, Trump quickly escalated tensions with Mexico over how to pay for a border wall and what the new president views as an unfair trade relationship.
In a pair of early-morning tweets, Trump called the 1994 agreement known as NAFTA a “one-side deal from the beginning” and suggested the pending visit by Mexican President Pena Nieto be canceled.
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