New Brunswick, N.J. (Dec. 11, 2019) – Thomas Prusa, a Rutgers University–New Brunswick expert on international trade and economics, is available to discuss the new USMCA trade deal between the United States, Mexico and Canada that will replace the North American Free Trade Agreement.
“The much ballyhooed new NAFTA, now referred to as the USMCA, is, in fact, much to do about nothing – at least economically speaking,” said Prusa. “The U.S. International Trade Commission studied the agreement and found that the impact on U.S. GDP will amount to 0.02 percentage points per year. That’s about as close to ‘no effect’ as one can get.
“The USMCA is perhaps the only tangible ‘trade win’ that President Trump can tout on the campaign trail next year. Anyone looking beneath the rhetoric, however, will realize that there is not much to the new NAFTA that wasn’t already in the old NAFTA – and far less than what was in the Trans Pacific Partnership agreement that President Trump rejected.”
Prusa is available at [email protected].
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