❝ An analysis of US jobs that rely on exports to Canada and Mexico finds that withdrawing from the North American Free Trade Agreement (NAFTA) would cost 187,000 of those jobs over a 1 to 3 year period…The most affected states are Arkansas, Kentucky, Mississippi, and Indiana. The most affected sectors are autos, agriculture, and manufacturing (non-auto).
❝ These estimates are based on the latest available World Trade Organization’s most favored nation tariff rates that would apply to US exports without NAFTA — and the fact that higher prices of US-made or grown exports will dampen sales to Canadian and Mexican consumers. The analysis assumes that firms would then cut production, leading to US job displacements. These estimates do not take into account the potential disruptive impact on supply chains from an elimination of NAFTA.
Just a reminder to Trump’s chump voters who think they benefit from Trumponomics.