U.S. President Donald Trump's rewrite of North American trade rules will co...
WASHINGTON - U.S. President Donald Trump’s rewrite of North American trade rules will cost automakers nearly $3 billion more in tariffs over the next decade for cars and parts that will not meet higher regional content requirements over the next decade, the Congressional Budget Office estimates.
USMCA, the replacement for the 26-year-old North American Free Trade Agreement is expected to pass the House with broad support from Republicans and Democrats. CBO said its estimate assumes that some vehicles and parts would not be eligible for USMCA’s tariff-free access. CBO said some agricultural product imports that are now subject to duties would be replaced by duty-free Canadian products as a result of USMCA,
The ITC report estimates that annual U.S. real gross domestic product would increase by 0.35%, or $68.5 billion, on an annual basis compared to a NAFTA baseline, and would add 176,000 U.S. jobs while raising U.S. exports.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Man convicted of swindling $3 million through online romancesA jury in Kansas City has convicted Henry Asomani of facilitating a wire fraud scheme in which he aided a group of co-conspirators in bilking lonely people out of their money using a variety of scams.
Consulte Mais informação »
Automakers, congressional aides do not expect budget deal will hike $7,500 EV tax creditAutomakers and congressional aides told Reuters they do not expect the U.S. Cong...
Consulte Mais informação »
Disney Plus Signed Up 24 Million U.S. Subscribers in November and Took Bite Out of Netflix, Analysts EstimateDisney Plus had snagged an estimated 24 million U.S. subscribers as of the end of November — and the strong debut for the Mouse House’s new streaming package boosted cancellations among…
Consulte Mais informação »
Spending deal does not hike EV credit, boosts aviation inspection fundsAutomakers, congressional aides do not expect budget deal will hike $7,500 EV tax credit
Consulte Mais informação »
Mexican president sees prompt U.S. ratification of USMCA trade dealMexican President Andres Manuel Lopez Obrador said on Wednesday that he expected...
Consulte Mais informação »
Trump's signature NAFTA rewrite could actually dampen US growth, new analysis finds - Business InsiderIn a new analysis, the Peterson Institute for International Economics estimated the agreement would cause US growth to decline by 0.12%.
Consulte Mais informação »