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Apr 19, 2019

USMCA would slightly boost U.S. economy, says ITC report

An ITC report out this week shows the USMCA is projected to boost the U.S. economy by .35% when fully implemented.

by Tracey Samuelson
Employees work on the assembly line of the Tiguan model, at the Volkswagen car plant in Puebla, central Mexico, on March 16, 2018.
Employees work on the assembly line of the Tiguan model, at the Volkswagen car plant in Puebla, central Mexico, on March 16, 2018.
PEDRO PARDO/AFP/Getty Images

On Thursday, the International Trade Commission released its assessment of the projected economic impact of USMCA, President Trump’s proposed replacement for NAFTA. The report shows the new deal is projected to boost the U.S. economy by .35% when fully implemented. The ITC’s findings are likely to further fuel the trade debate as USMCA makes its way through Congress.