Business > Economy

A report on Trump's NAFTA overhaul found that it's not going to do much for the economy

1 month ago   |   By Business Insider

A report out Thursday said President Donald Trump's new North American trade deal would increase gross domestic product by 0.35% by the time it is fully implemented in six years.
USMCA has been a key initiative for the Trump administration in its bid to bring jobs back to the US.
Adam Ozimek, an economist at Moody's Analytics, questioned how different it is from the trade dynamics that have governed the US, Mexico and Canada for decades.
A North American Free Trade Agreement overhaul that was rolled out last year would have a positive but modest impact on the US economy, the International...
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New North American trade deal modestly boosts U.S. economy, trade panel finds

New North American trade deal modestly boosts U.S. economy, trade panel finds

1 month ago   |   By Reuters

The new North American free trade pact would modestly boost the U.S. economy, especially auto parts production, but may curb vehicle assembly and limit consumer choice in cars, a hotly anticipated analysis from the U.S. International Trade Commission showed on Thursday.
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Commission: New NAFTA would deliver modest economic gains

2 monthes ago   |   By Miami Herald

An independent federal agency finds that President Donald Trump's new North America trade agreement would give the U.S. economy only a modest boost. The International Trade Commission says that Trump's...
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New North American trade deal would boost U.S. economy, U.S. commission finds

2 monthes ago   |   By Reuters

The U.S. International Trade Commission estimated the proposed new North American free trade deal would modestly boost the U.S. economy but could reduce U.S. vehicle production.
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Commission: New NAFTA would deliver modest economic gains

2 monthes ago   |   By National Post

WASHINGTON - An independent federal agency finds that President Donald Trump's new North America trade agreement would give the U.S. economy only a modest boost.
The International Trade Commission says that Trump's U.S.-Mexico-Canada agreement would lift the U.S. economy by 0.35%, or $68.2 billion, and add 176,000 jobs six years after it takes effect. That's barely a ripple in a $21 trillion-a-year economy and a job market of almost 151 million people.
The commission's analysis is required by law and is expected to kick off a congressional debate on the regional trade pact designed to...
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U.S. trade agency sees 76,000 new auto jobs from North American trade deal

2 monthes ago   |   By Reuters

The Trump administration on Thursday estimated that its new North American trade deal will create 76,000 automotive sector jobs within five years as automakers invest some $34 billion in new plants to comply with the pact's new regional content rules.
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