Answer:
The trade gains of Canada, Mexico, and the United States were tripled as a result of this deal. It also eliminated tariffs, which were seen as international barriers at the time. It enhanced economic output, resulting in annual economic growth of up to 0.5 percent. Foreign investment is also being enticed. Because there were no taxes imposed by the US, oil shipments from Mexico were seen as advantageous. This had a significant economic impact.
Transportation expenditures were reduced as a result of the low gas price, and food costs were also reduced. The big suppliers gained access to each country's government contracts, increasing competition and lowering costs.
The negative effects include that this deal helped the import and export businesses, but numerous labor-intensive industries, such as manufacturing, textiles, and electronic appliances, suffered greatly as a result, and many people began to move. Companies began to decrease their costs.
Explanation:
