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Mary Amiti, Caroline Freund and Tyler Bodine-Smith
Why Renegotiating NAFTA Could Disrupt Supply Chains
Federal Reserve Bank of New York, 2017
What's inside?
Renegotiating NAFTA could imperil global supply chains and raise consumer prices.
Recommendation
Opponents of the North American Free Trade Agreement (NAFTA) decry the high trade deficit the United States has with Mexico, arguing for stricter “rules of origin” that would limit firms’ access to zero tariff rates under the accord. But as economists Mary Amiti, Caroline Freund and Tyler Bodine-Smith explain, more stringent rules could lessen bilateral trade, hurt global supply chains and raise prices for consumers. getAbstract recommends this timely, informed study – accessible to both the economist and lay reader – for its dissection of a geopolitically relevant topic.
Summary
About the Authors
Mary Amiti and Tyler Bodine-Smith are economists at the Federal Reserve Bank of New York. Caroline Freund is an economist with the Peterson Institute for International Economics.
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