The ratification of NAFTA in 1994 reduced import quotas and raised tariffs between the Mexican, Canadian, and U.S. economies.

Name: The ratification of NAFTA in 1994 reduced import quotas and raised tariffs between the Mexican, Canadian, and U.S. economies.
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NAFTA (North American Free Trade Agreement) aimed to eliminate barriers to trade and investment between the U.S., Canada, and Mexico, which included reducing tariffs and eliminating import quotas, not raising them.

The Ratification of NAFTA in 1994 Reduced Import Quotas and Raised