Canadian Prime Minister Justin Trudeau recently stated:
Pulling the United States out of NAFTA (North American Free-Trade Agreement) would be bad for many reasons. Despite this, Donald Trump has again threatened to do so. Few Americans are aware that, in addition to losing the treaty’s many trade benefits for consumers and companies, if NAFTA goes away its many beneficial immigration provisions would disappear as well.
The DOL (Department of Labor) estimates ending NAFTA would result in 1.8 million U.S. jobs lost in the first year and permanently depress U.S. Gross Domestic Product disrupting supply chains will cause many future business decisions to turn out poorly for the U.S. economy.
On the immigration front, there are another set of negative pacts that would affect the U.S. consumers and businesses. Right now, Canadian and Mexican professionals can come to the United States and work in TN status. Investors from Canada and Mexico can use E visas. But that is only because of NAFTA. “If NAFTA were to end, both the TN and E visas would become unavailable,” a new National Foundation for American Policy states “that means the jobs, health and consumer benefits Americans now enjoy connected with these visas also would end.”
And those benefits are considerable. “the TN visas allow U.S., Canadian and Mexican technology (and other) companies to benefit under NAFTA by the ability to transfer employees back and forth across the border,” notes Walker (author of a new National Foundation for American Policy). “This improves productivity and Encourages increased hiring of workers in America. By facilitating investment, the E visa helps create jobs in America. Both Canada and Mexico are major sources of foreign direct investment in the U.S.”