The collapse of the North American Free Trade Agreement wouldlikely damage yet not derail the continent's economy and businessmodels of global corporations.

That's the conclusion of economists trying to envisage lifeafter the 23-year-old accord as increasingly tense negotiationsover how to revamp it fuel speculation that President Donald Trumpwill follow through on his threat to withdraw.

Without NAFTA, the U.S. and Mexico would charge each other thehigher tariffs they now levy on other members of the World TradeOrganization. Those run as high as 7% on average in Mexico and 3.5%in the U.S., although Canada and America may be able to fall backon a pre-NAFTA free-trade deal.

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