WSJ Article #3.docx - Memo To Ruth C White Professor From...

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Memo To: Ruth C. White, Professor From: Stephon Broughton Date: November 10, 2017 Subject : Wall Street Journal Article #3 The North American Free Trade Agreement (NAFTA) is an agreement among the United States, Canada and Mexico designed to remove tariff barriers between the three countries. President Donald Trump has threatened to pull the United States out of NAFTA if efforts to renegotiate it fail. As President Trump was running for election, one his main points were pulling the U.S. from NAFTA because he believed that it was “the single worst trade deal ever approved in this country” according to The Balance. The Wall Street Journal surveyed 59 economists and found that 82% of them believe that Gross Domestic Product (GDP) would grow at a much slower rate. An additional 7% claimed to believe that the economy would enter a recession is the U.S. were to pull out of NAFTA and 0% of economists believed there would be any positive effects on the economy in result of this idea. Many economists believed that the damage would be long lasting, although the
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