I have to say that it’s strange to read this from a guy who was an avid proponent of NAFTA back in his government days.
“Even Clyde Prestowitz, the President of the Economic Strategy Institute, a Washington-based think tank that once was strongly against the NAFTA, now says that the pact should be ratified. Last fall, Prestowitz claimed that the NAFTA would cost up to 222,000 jobs. Today, however, he argues that “NAFTA will be a plus in the long run.” His reasoning: Many U.S. companies will likely shut down their operations in Mexico and return home once Mexico lowers its trade barriers. “
And he should have stuck with his original opinion since firms aren’t “returning home”.