The U.S.-Mexico-Canada Agreement is likely to provide a slight boost to the American economy, the U.S. International Trade Commission said
Thursday in a long-anticipated analysis of the Trump administration’s signature trade accomplishment.
Shortly before the ITC report was released on Thursday, the Office of the U.S. Trade Representative put out an analysis of the deal's projected impact on the U.S. auto sector that forecast the creation of roughly 76,000 U.S. automotive jobs over the next five years — a figure nearly three times what the ITC found.
The ITC found that another part of the deal that will have a significant impact on the U.S. economy is new rules governing digital trade, which are expected to reduce uncertainty and boost e-commerce. U.S. exports to Canada would increase by $19.1 billion, or 5.9 percent, while imports from Canada would go up by the same amount. Exports to Mexico would increase by $14.2 billion, or 6.7 percent, the ITC said. U.S. imports from Mexico would increase by $12.4 billion.
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