Think that “tougher” domestic-content rules post-Nafta would help American car manufacturers? Think again. Withdrawing from Nafta could cost the automobile industry more than 20,000 jobs—plus nearly 50,000 auto-parts jobs—while adding $330 to $440 to the cost of every new vehicle sold in America. The idea that more domestic content per vehicle means more domestic jobs ignores that uncompetitive companies make fewer cars.
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