, 5 tweets, 2 min read Read on Twitter
New IMF analysis of NAFTA 2.0 (USMCA) predicts it will have a small overall impact, but generate aggregate welfare LOSSES & bigger trade deficits for the USA:
@accfanto The economic model used here is the same type used by the US ITC in its forthcoming official analysis of the USMCA. If it produces similar results... hoo boy.
Perhaps the best part of this analysis is where they find the USMCA' new, more protectionist automotive rules (championed by the Trump admin) would actually *hurt* the automotive industry in all 3 countries:
And, shockingly, these economists also didn't find any money for The Wall!
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