NAFTA has been a smashing success, let’s hope the protectionist-in-chief doesn’t make America poorer by scrapping it – AEI – American Enterprise Institute: Freedom, Opportunity, Enterprise

Below are a few excerpts from some recent reports on NAFTA and Trump’s threat to pull out of what the protectionist-in-chief calls the “worst trade deal ever made.” From the Wall Street Journal’s editorial yesterday (“A NAFTA Recession?“), emphasis mine:
President Trump keeps touting the 3% U.S. GDP growth of the last two quarters and “record” stock prices, and the economy is his best talking point. But he might want to take a look at the latest Journal survey of economists about the impact of a U.S. withdrawal from the North American Free Trade Agreement.
Not a single economist said that the withdrawal Mr. Trump has threatened would help the economy. Some 82% said the economy would grow more slowly for the next two years than it would otherwise, and 7% predicted a recession. That underestimates the risks of recession in our view, given the political shock from such a reckless act

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Your Trump-era Thanksgiving guide to conservative arguments for your liberal relatives – AEI – American Enterprise Institute: Freedom, Opportunity, Enterprise

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