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For automotive manufacturing-intense states like Michigan, trade with Mexico ($61 billion) and Canada ($71 billion) last year represented more than 25% of the state’s GDP of $487 billion. Other states with significant automotive production like Texas, Kentucky, Indiana, Tennessee, Ohio, Alabama and South Carolina had trade with Canada and Mexico last year that represented more than 5% of state GDP.
Kevin Williamson correctly assesses NAFTA as a “triumph” and a “smashing success.” The data support that assessment.
For border states like Texas, North Dakota, and Vermont, trade with NAFTA partners represented more than 10% of the state’s economic output in 2016. In total, merchandise trade with Mexico and Canada (exports + imports) last year totaled more than $1 trillion and represented nearly 6% of US GDP.
Read the full article on the benefits of NAFTA by Mark J. Perry at American ENterprise Institute