News Article Review 1.doc

Trump realized that the united states was incurring

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Trump realized that the United States was incurring large deficits in its commercial patronage with Mexico. According to the American president, and as many economists would argue, because mutual gain does not exist in the relationship of the two countries, the trade deal needs to be reestablished. In support to his claim, he believes that Mexico is the only one between the two of them gaining from that trade. Looking for economic progress for his country on the basis of a fair trade, he desires to either renegotiate NAFTA in order to obtain better deals that can neutralize those deficits, or cancel all trade agreements with Mexico in case he cannot meet his goal. The Mexican Economy Minister Ildefonso Guajardo does not perceive the idea of a renegotiation of their trade deals with the United States as is good decision in favor of his country. From his perspective, rectifying its trade agreement with the United States is not conceivable because it is not going to bring any marginal value to the Mexican economy. Instead, 1 People agree to an exchange because they expect it to improve their well-being.
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