Given the ongoing negotiations to modernize the 24-year-old NAFTA agreement, the National Association of Manufacturers (NAM) is releasing today a series of detailed state fact sheets that underscore the NAFTA relationship across many key states. Here are just a few highlights:
- For Texas, nearly half of the state’s total manufacturing production is exported to Canada and Mexico.
- For Michigan, nearly one-fifth of the state’s manufacturing jobs depend on manufacturing exports to Canada and Mexico.
- For Ohio, Canada and Mexico purchase more of the state’s manufactured goods exports than the rest of the world combined.
- For Wisconsin, more than one-quarter of the state’s manufacturing firms export to Canada and Mexico.
- For Pennsylvania, motor vehicle parts and electrical equipment are among the state’s industries that have doubled exports to Canada and Mexico over the past decade.
- Without NAFTA, U.S.-manufactured goods exports to Mexico alone could face a minimum of $5.8 billion to $70 billion in extra taxes or tariffs (compared to zero tariffs today). For each of 23 states, including Georgia, Illinois, Indiana, Kentucky, Michigan, Missouri, North Carolina, Ohio, Pennsylvania, South Carolina, Tennessee, Texas and Wisconsin, potential maximum taxes on state exports to Mexico could exceed $500 million.