Chris Holman welcomes Kristin Dziczek Director, Industry, Labor, & Economics Group, CAR (Center for Automotive Research) Ann Arbor, MI to talk about the NAFTA Briefing.
The North American Free Trade Agreement (NAFTA) between the United States, Canada, and Mexico has been in place since January 1994. President Trump has taken steps toward his promise to withdraw from NAFTA or to renegotiate major provisions of the agreement. NAFTA has contributed to the growth of integrated automotive production and supply networks within the North American region, and significant changes to the tariff structure will have major ramifications for automotive manufacturers and suppliers.
While there are always opportunities to improve the effectiveness, a wholesale withdrawal from NAFTA could set in motion a series of unintended consequences that would constrain future growth of the U.S. automotive industry. This briefing outlines the benefits of NAFTA to the automotive industry, consumers, and the economy as a whole, as well as the potential consequences if the U.S. were to unilaterally withdraw from NAFTA.
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