The new U.S. trade pact with Canada and Mexico is unlikely to boost economic growth or manufacturing employment, according to most economists surveyed by The Wall Street Journal.
Early last week, Washington and Ottawa struck a deal to revise the North American Free Trade Agreement, allowing Canada to join a new trade pact between the U.S. and Mexico.
The Trump administration hopes the agreements will boost U.S. manufacturing and cut the U.S. trade deficit with Mexico. Nafta 2.0—to be officially called the U.S.-Mexico-Canada Agreement, or USMCA—will require a greater portion of a vehicle to be made in North America.
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