# Professor Paul Wachtel is interviewed about the impact of the renegotiation of NAFTA on US trade deficits

1 Faculty News August 20, 2017 ![Xinhua logo](/sites/default/files/styles/246w/public/assets/images/con_030505.jpg?itok=6NqP0rMN)>

Excerpt from [Xinhua](http://news.xinhuanet.com/english/2017-08/20/c_136539552.htm) -- "Trade negotiations lead to agreements regarding the rules for trading, which generally lead to more trade that can change a trade balance in any direction, said [Paul Wachtel](http://www.stern.nyu.edu/faculty/bio/paul-wachtel), a New York University economics professor. 'The negotiations are not going to have any direct consequences for the U.S. trade deficit,' said Wachtel."

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