U.S.

BY THE NUMBERS: The Costs of Withdrawing from NAFTA

One year ago   |   By

New Tariffs or Taxes Canada and Mexico Could Have Charged U.S. Exports Without the North American Free Trade Agreement
THE IMPACT ON U.S. BUSINESSES AND FARMERS
Analysis from The Trade Partnership from U.S. Census Bureau and UNCTAD's Trade Analysis Information System data shows the following costs of not having NAFTA:
$15.5 BILLION ON ALL U.S. EXPORTS
U.S. businesses and farmers exported $570 billion in goods to Canada and Mexico in 2015. Without NAFTA, Canada and Mexico could have assessed new tariffs or taxes averaging 3% - or up to $15.5 billion - on those U.S. goods exports, triggering...
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