LatinNews Daily - 08 May 2018

*Exiting the North American Free Trade Agreement (Nafta) could result in up to 128,000 job losses for the US over the next three years, according to a study carried out by consultancy company AT Kearney for the US's National Retail Federation (NRF). The study found the retail industry currently imports US$182bn of goods from Nafta partners (US$128bn from Mexico and US$54bn from Canada). But increased tariffs and reduced margins if Nafta falls through could cost US retailers and consumers an extra US$15.8bn per year. It also found that average US household spending would drop by US$290 a year as consumers re-evaluate what items they need to purchase. In turn, that could cause US$39bn in losses in annual retail sales.

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