REPORT: TRUMP NAFTA 2.0 FAILS ECONOMIC ANALYSIS
(All $68.2 billion of the deal’s supposed economic gains arise from simulating the impact of removing trade barriers that do not exist. In other words, the gains are generated not through the removal of trade barriers directly, but through the elimination of the possibility of new future regulatory policies, which are deemed to be potential trade barriers. Absent this fabrication, the revised NAFTA would have been projected to lower the United States’ GDP by $22.6 billion and reduce the number of jobs by 53,900.)
As posted some weeks ago, the rise in tariffs has already begun to create a higher projected trade deficit. Now we are finding that this new adjustment to the NAFTA deal would also create a higher deficit. And falls well short of projected job gains. Again I have to ask. How do these presidents and our politicians keep getting away with killing our working class and keep pulling in support during election cycles? When clearly everything they do when it comes to our society is going backwards.
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