USMCA to Boost US Economy and Jobs, Trade Panel Finds



Emel Akan | The Epoch Times

The new trade agreement between the United States, Mexico, and Canada, called the USMCA, will have a positive impact on the U.S. economy and employment, according to an independent analysis by the U.S. International Trade Commission (ITC).

The long-anticipated analysis is an important step in obtaining congressional approval for the agreement.

The commission’s 379-page report, released on April 18, examines the expected effects of the USMCA on the United States’ economy, exports, imports, and jobs. The new trade pact would raise the United States’ real gross domestic product by $68.2 billion, or 0.35 percent, and create 176,000 new jobs, according to the report.

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