It appears Ross Perot was mistaken. As the North American Free Trade Agreement turns 10 on Jan. 1 and the debate rages over its economic effects, one thing is certain: Automobile production isn’t heading south of the border at the pace once predicted. Perot, a 1992 U.S. presidential candidate, tried to turn fear over NAFTA into votes, making famous the phrase “that giant sucking sound” to describe how the trade agreement would encourage auto makers to pack up huge numbers of assembly ...
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