Most economists and analysts agree that NAFTA/CUSMA has been economically beneficial for the U.S., Canada and Mexico. Between 1993 and 2023, exports between the three members have grown exponentially, surpassing $2 trillion in 2023. That increase in trade boosted economic growth, profits, and jobs for all three countries. The U.S. Chamber Commerce notes that 12 million jobs in America are supported by the increase in trade and Canada and Mexico are the top two export markets for U.S. SME’s.
It’s estimated that more than $5 billion of trade takes place every day between the U.S. and its CUSMA trading partners and the three countries have become increasingly integrated over the last 30+ years.
Lower tariffs have also reduced prices and increased choices for consumers.