U.S. President Donald Trump shakes hands with Mexico's President Enrique Pena Nieto during the their bilateral meeting at the G20 summit in Hamburg, Germany July 7, 2017.
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REUTERS/Carlos Barria

C. Fred Bergsten (PIIE) and Monica de Bolle (PIIE), editors

The Peterson Institute for International Economics (PIIE) has detailed the gains and costs of the North American Free Trade Agreement (NAFTA) in numerous publications. Now that President Donald Trump has launched a renegotiation of agreement, the fundamental question is: Can such a renegotiation produce a positive result? A broad range of experts who have contributed to this PIIE Briefing say "yes." NAFTA can be modernized only if President Trump's zero-sum "America First" agenda is replaced by one that seeks to benefit all three countries and improve their competitiveness in an increasingly competitive global economy.

Photo Credit: 
REUTERS/Carlos Barria