Today in History

December 08, 1993
Trading Spaces
After years of negotiations that span two presidential administrations, President Bill Clinton signs the North American Free Trade Agreement, newly passed by Congress, into law on December 8, 1993. The pact between the United States, Mexico and Canada, which goes into effect on January 1, 1994, eliminates or reduces tariffs and trade barriers, and establishes one of the world's largest free-trade zones. While parts of the country, particularly southern border states, benefit economically from NAFTA, critics of the agreement argue that it has hurt American workers because of lost manufacturing jobs and investment.



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