"Facts are stubborn things, and the facts clearly show Nafta has delivered enormous economic benefits to citizens of my home state since it went into effect in 1994. The consensus was that such a tariff would trigger a trade war with other countries with the end result of costs being passed on to the consumer. "Simply put, any policy which drives up costs of Corona, tequila, or margaritas is a big-time bad idea. Mucho Sad," Lindsay Graham, another Republican lawmaker who has baited Trump, tweeted jestfully, as analysts said it could pretty much apply to anything from textiles to tea.Shafting Nafta, or renegotiating it, as Trump has proposed, is not as simple as Trump loyalists from Middle America make it out to be. Lawmakers for whom free trade and globalisation was an article of faith (and who beat the world into adhering to it) are scrubbing their websites to sign up for the Trump position, in tune with the saying that to the victor go the spoils.

Source: Times of India January 28, 2017 00:56 UTC