Without NAFTA, there might be even fewer car-making jobs in the United States today. The commission still concluded that the new NAFTA would add $68.2 billion to economic output, an increase of 0.35 percent. But one feature of the new deal is an agreement allowing the United States to withdraw after 16 years, which seems likely to have the opposite effect. The commission also projects a big increase in e-commerce, because the deal brings the NAFTA framework into the digital age. More than 100 House Democrats signed a letter earlier this fall seeking binding commitments on climate standards as part of any revisions to NAFTA.

Source: International New York Times December 12, 2019 23:48 UTC