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Saturday, June 22, 2019 7:32:28 PM
The net impact of Trump’s new NAFTA is probably nothing
By Gwynn GuilfordApril 23, 2019
What happens when America’s deal-maker-in-chief takes on “the worst trade deal in the history of the world”? Not much, it turns out.
That’s the conclusion drawn by an independent government agency in a new report (pdf) estimating the economic impact of the US-Mexico-Canada Agreement, as Donald Trump’s renegotiated version of the 1997 North American Free Trade Agreement is officially known. Written by US International Trade Commission economists, the report was legally required before Congress votes on the deal. If approved, the law would boost the US economy by less than 0.4%, accounting for inflation. About $68 billion.
But it very plausibly could hurt the US economy more than it helps.
https://qz.com/1600240/the-net-impact-of-trumps-new-nafta-is-probably-nothing/
By Gwynn GuilfordApril 23, 2019
What happens when America’s deal-maker-in-chief takes on “the worst trade deal in the history of the world”? Not much, it turns out.
That’s the conclusion drawn by an independent government agency in a new report (pdf) estimating the economic impact of the US-Mexico-Canada Agreement, as Donald Trump’s renegotiated version of the 1997 North American Free Trade Agreement is officially known. Written by US International Trade Commission economists, the report was legally required before Congress votes on the deal. If approved, the law would boost the US economy by less than 0.4%, accounting for inflation. About $68 billion.
But it very plausibly could hurt the US economy more than it helps.
https://qz.com/1600240/the-net-impact-of-trumps-new-nafta-is-probably-nothing/
It was Plato who said, “He, O men, is the wisest, who like Socrates, knows that his wisdom is in truth worth nothing”
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