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
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