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China Wins if NAFTA Dies

By Shannon O'Neil

It's not just U.S. industrial behemoths that stand to lose if NAFTA ends – small businesses from the border to the heartland would suffer.

Much is made of the perils of ending NAFTA for Mexico, and rightly so. The 23-year-old agreement has helped the nation not only boost trade but also transform its economy, moving from a commodity to an advanced manufacturing exporter. With 80 percent of its exports headed north, even the threat of change has hurt Mexico’s currency, limited its ability to attract foreign direct investment, and cut the country’s current and future economic growth.

Largely overshadowed in all the tough...

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