Revised NAFTA Will Add Only Marginal Gains to US Economy

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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Arslan Butt

Index & Commodity Analyst

Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics.His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker.His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.

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