Potential Effects of a U.S. NAFTA Withdrawal: Agricultural Markets

Johnson, Renée

Library of Congress. Congressional Research Service.

关键词: Trade agreements;    Trade negotiations;    Agriculture in foreign trade;   

RP-ID  :  R45018
RP-ID  :  R45018_2017Nov13

美国|英语

来源: UNT Digital Library

【 摘 要 】

This report examines some of the potential consequences to U.S. agricultural markets of a U.S. withdrawal from NAFTA, focusing on the possibility that higher tariffs could be imposed on U.S. imports and exports. In particular, under a NAFTA withdrawal, it is likely that most-favored nation (MFN) tariffs would be imposed on agricultural products traded among the NAFTA countries instead of the current zero tariff (i.e., duty-free trade) for most agricultural products. In general, MFN tariffs on U.S. agricultural imports would likely raise prices both to U.S. consumers and other end users, such as manufacturers of value-added food products.