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Trump’s signature NAFTA rewrite could actually dampen US growth, new analysis finds

U.S. President Donald Trump delivers remarks on supporting the passage of the U.S.-Mexico-Canada (USMCA) trade deal during a visit to Derco Aerospace Inc., a Lockheed Martin subsidiary, in Milwaukee, Wisconsin, U.S., July 12, 2019. REUTERS/Carlos Barria?

  • President Donald Trump this month hailed his signature rewrite of North American commerce rules as the “best and most important trade deal ever made.”
  • But economists are less optimistic the United States-Mexico-Canada Agreement will deliver the sweeping growth the president promised.
  • In a new analysis, the Peterson Institute for International Economics estimated the agreement would instead cause US growth to decline by 0.12%.
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President Donald Trump this month hailed his signature rewrite of North American commerce rules as the “best and most important trade deal ever made,” saying it would benefit vast read more >>>

Source:: BusinessInsider.Com