NAFTA
About the NAFTA
Created the largest free trade area, abolishing tariffs over 15 years, supply chains integrated, auto, agriculture. Ross Perot giant sucking sound critique, US manufacturing job losses, Mexican campesino corn displacement, real and contested. Trade tripled to over 1 trillion. Trump called it the worst deal ever, replaced 2018 with USMCA, labor standards, digital trade, dairy openings, largely NAFTA 2.0.
Related Treaties
USMCA
2018Renegotiated NAFTA, 75 percent North American content for autos tariff free, 40 to 45 percent high wage labor, labor value rules...
GATT
1947The General Agreement on Tariffs and Trade, interim, the ITO never ratified by US Senate, became the de facto world trade...
Hay-Bunau-Varilla Treaty
1903Fifteen days after Panama independence, engineered by US warship presence, Bunau Varilla, a French engineer Panama had not even...
Alaska Purchase
1867Secretary of State William Seward bought Alaska for 7.2 million dollars, about 2 cents per acre. Ridiculed as Sewards Folly and...