Sunday, April 21, 2019

Trump’s Nafta Revisions Offer Modest Economic Benefits, Report Finds

A government report has concluded that the Trump administration’s revised North American trade agreement would offer modest benefits to the economy. The report found that the agreement would increase gross domestic product by 0.35 percent after inflation, or $68.2 billion, and create 175,700 jobs. Some of the largest economic benefits of the pact, according to the trade commission, would come from the parts of the deal that codify the free flow of data across borders — measures that have been  supported by technology companies. Since negotiations began in August 2017, the administration has secured some substantive changes to Nafta, including modernizing protections on digital trade, adding labor and environmental protections, opening up the Canadian dairy market and adding rules to restrict governments from manipulating their currency.

https://www.nytimes.com/2019/04/18/business/economy/trump-nafta-trade.html

No comments: