Key report on NAFTA successor finds deal would make only a slight boost to economy

Elisabeth Buchwald
Key report on NAFTA successor finds deal would make only a slight boost to economy

The International Trade Commission report released Thursday found that the USMCA that President Trump reached with this Canadian and Mexican counterparts would increase U.S. GDP by a slim margin of $68.2 billion, or 0.35%. The ITC was required to prepare the report per the Bipartisan Congressional Trade Priorities and Accountability Act of 2015 which mandates that the Commission provide lawmakers with a detailed report of a trade deal before they vote on it. “This report confirms what has been clear since this deal was announced - Donald Trump’s NAFTA represents at best a minor update to NAFTA, which will only offer limited benefits to U.S. workers,” said Sen. Ron Wyden in a statement.