By Rafael Carranza | The Republic
U.S. President Donald Trump on Wednesday said that terminating the North American Free Trade Agreement would result in the “best deal” to revamp the 24-year-old trade pact with Canada and Mexico in favor of U.S. interests. Newslook
Economists have predicted that if President Donald Trump follows through on his threat to withdraw from the North American Free Trade Agreement, the U.S. could see widespread job losses.
Economist Ray Perryman, meanwhile, has looked at what could happen if America were to instead remove existing trade barriers with Mexico . An analysis by the Texas economist concluded such a move could create more than 700,000 new jobs — including 63,000 in Arizona — and add at least $69 billion to the U.S. economy.