Revised NAFTA Will Add Only Marginal Gains to US Economy - Forex News by FX Leaders
The new NAFTA will be called USMCA

Revised NAFTA Will Add Only Marginal Gains to US Economy

Posted Friday, April 19, 2019 by
Arslan Butt • 1 min read

According to the International Trade Commission, Trump’s new NAFTA trade agreement would boost the US economy by $68.2 billion – a mere 0.35% increase. It could also add around 176k jobs, but in six years after it comes into effect.

The original 25-year old NAFTA trade agreement had promoted regional trade among US, Mexico and Canada. But its critics decried the loss of manufacturing jobs to cheaper locations like Mexico for more profitability among businesses.

Trump’s revised version of NAFTA aims to bring back at least some of the employment opportunities into the US. While this could create more jobs in America, it could also lead to an increase in the final cost of finished products. The new trade agreement is yet to be approved by legislatures in the three countries.

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About the author

Arslan Butt // Index & Commodity Analyst
Arslan Butt is our Lead Commodities and Indices Analyst. Arslan is a professional market analyst and day trader. He holds an MBA in Behavioral Finance and is working towards his Ph.D. Before joining FX Leaders Arslan served as a senior analyst in a major brokerage firm. Arslan is also an experienced instructor and public speaker.
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