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Pace University

2018

Agriculture

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United States Withdrawal From Nafta: Potential Effects On The Domestic Agriculture Sector And In-Market Consumers, Karen Ospina Jul 2018

United States Withdrawal From Nafta: Potential Effects On The Domestic Agriculture Sector And In-Market Consumers, Karen Ospina

Honors College Theses

A United States withdrawal from the North American Free Trade Agreement – a tenant of Donald Trump’s 2016 presidential campaign – could significantly reduce job creation and consumer spending in a number of sectors within the U.S. economy. While it remains to be seen whether this proposed exit will occur, economists predict the main industries that will be affected are the automotive, farming, and petrochemical industries. The United States’ current political climate could potentially, negatively impact the farming industry – thus causing the unemployment rate to possibly skyrocket as well as adversely affecting consumer spending. This paper examines the potential …