US President-Elect Donald Trump has called the North American Free Trade Agreement, or NAFTA, a "disaster", promising to change it on his first day in office.
He says the trade agreement, created by former President Bill Clinton in 1993, has moved jobs to other countries, and it's time to bring those jobs back home.
But some question whether his plans for the auto industry could potentially do more harm than good.
Nick Harper reports from Detroit.
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Donald Trump argues NAFTA has wiped out U.S. manufacturing jobs.
Trump - SOT "I am going to renegotiate NAFTA, and if I can't make a great deal, then we're going to terminate NAFTA and we're going to create new deals."
Unionists say Canada and Mexico have benefitted…at the expense of cities like Detroit. Denis Williams, the President of the United Automobile Workers based in Detroit applauds Trump's plans.
Denis Williams - SOT "His position on trade is right on. NAFTA is a problem and I've said that way before this election started, way before the candidates were selected. It is a huge problem for the American people."
TAKE VO
Lured by cheaper production costs, nine carmakers have invested in Mexico since 2010.Including Detroit's big three, Ford, Fiat Chrysler, and General Motors. They remain headquartered in Detroit…with one of them just across the border from Canada.
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It's less than half a mile, but geographically that's a very significant difference. For Donald Trump, General Motors being on this side of the river is a win for American jobs. And that applies to where car companies choose to locate their factories and build their cars.
TAKE VO
Trump has threatened a 35% trade tariff on cars made overseas
and sold in America.
But as it's more expensive to produce cars in the U.S. That means higher costs for car makers—costs they're likely to pass on. Jake Lingeman from Autoweek Magazine.
Jake Lingeman - SOT "If these cars all get produced locally they might be more expensive. And if people are willing to pay that, we'll have to see if people are willing to pay that. Sales for the last three years have just been going up and up and up. So things seem to be going pretty well now. So, I don't know if a big shake up is what they need."
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The Center for Automotive Research here in the U.S. state of Michigan argues Trump'sproposed trade tariff, combined with a withdrawal from NAFTA, could cost the U.S. another 31,000 jobs.
TAKE VO
Detroit is no longer the auto industry powerhouse it once was. Jobs moving overseas have clearly hurt the city.
But automakers and economists both question whether Donald Trump's plans will provide that promised roadmap for recovery.
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He says the trade agreement, created by former President Bill Clinton in 1993, has moved jobs to other countries, and it's time to bring those jobs back home.
But some question whether his plans for the auto industry could potentially do more harm than good.
Nick Harper reports from Detroit.
IN: "Donald Trump..."
OUT: SOC
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TAKE VO
Donald Trump argues NAFTA has wiped out U.S. manufacturing jobs.
Trump - SOT "I am going to renegotiate NAFTA, and if I can't make a great deal, then we're going to terminate NAFTA and we're going to create new deals."
Unionists say Canada and Mexico have benefitted…at the expense of cities like Detroit. Denis Williams, the President of the United Automobile Workers based in Detroit applauds Trump's plans.
Denis Williams - SOT "His position on trade is right on. NAFTA is a problem and I've said that way before this election started, way before the candidates were selected. It is a huge problem for the American people."
TAKE VO
Lured by cheaper production costs, nine carmakers have invested in Mexico since 2010.Including Detroit's big three, Ford, Fiat Chrysler, and General Motors. They remain headquartered in Detroit…with one of them just across the border from Canada.
TAKE VO
It's less than half a mile, but geographically that's a very significant difference. For Donald Trump, General Motors being on this side of the river is a win for American jobs. And that applies to where car companies choose to locate their factories and build their cars.
TAKE VO
Trump has threatened a 35% trade tariff on cars made overseas
and sold in America.
But as it's more expensive to produce cars in the U.S. That means higher costs for car makers—costs they're likely to pass on. Jake Lingeman from Autoweek Magazine.
Jake Lingeman - SOT "If these cars all get produced locally they might be more expensive. And if people are willing to pay that, we'll have to see if people are willing to pay that. Sales for the last three years have just been going up and up and up. So things seem to be going pretty well now. So, I don't know if a big shake up is what they need."
TAKE VO
The Center for Automotive Research here in the U.S. state of Michigan argues Trump'sproposed trade tariff, combined with a withdrawal from NAFTA, could cost the U.S. another 31,000 jobs.
TAKE VO
Detroit is no longer the auto industry powerhouse it once was. Jobs moving overseas have clearly hurt the city.
But automakers and economists both question whether Donald Trump's plans will provide that promised roadmap for recovery.
SOC
ENDS