The Congressional Budget Office isn’t exactly offering a ringing endorsement of trade agreements like NAFTA.
Such pacts have “had relatively small positive effects” on American trade and its economy, according to a report from the federal agency, which analyzes economic and budget issues on behalf of lawmakers. The downside? Workers in industries facing tougher competition can end up out of work, sometimes permanently, CBO notes.
Trade agreements have become a lightning rod in the presidential election, with Republican candidate Donald Trump declaring that the 1994 North America Free Trade Agreement “has destroyed our country,” and suggesting that if elected he would […]