Advertisement

Economists: Michigan Economy Could Absorb NAFTA Changes

Economists: Michigan Economy Could Absorb NAFTA Changes

November 17, 2017 01:54 PM

ANN ARBOR, Mich. (AP) - Economists say Michigan's economy would likely absorb the effects of possible changes to the North American Free Trade Agreement fairly well.

Advertisement – Content Continues Below

University of Michigan economists released their annual analysis of the state's economy Friday. They say the prospect of a U.S. withdrawal from NAFTA is unlikely, but they examined the potential effects of changes.

The economists say the effects would depend on whether Mexico and the U.S. place additional tariffs on each other's exports. They say Michigan could gain 6,400 jobs by 2020 due to more light truck production if there are no new tariffs, but could lose 7,000 manufacturing jobs if there are retaliatory tariffs.

The overall 2018-19 forecast for Michigan sees steady job growth, low unemployment, tame inflation and an economy that continues to diversify.


WDIO

Copyright 2017 The Associated Press. All rights reserved.

Advertisement
Advertisement
Relay Media Amp

Opponents, Supporters of Trump Administration Weigh in on President's Visit

Multiple Agencies in Duluth Preparing for President Trump's Visit

Loan Program Aimed at Revitalizing Cloquet's West End

27 New Foods at the Minnesota State Fair

LS&M Railroad Cleans Up Fall Storm Damage

City of Duluth Holding Drawing for Vacation Unit Permits

Advertisement
Advertisement
Advertisement