Trump's NAFTA changes would lead to modest boost in growth and jobs, report says [CNBC]
Comcast Corporation - Class A (CMCSA)
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Source: CNBC
Trump's NAFTA changes would lead to modest boost in growth and jobs, report says A revised North American Free Trade Agreement would lead to a modest boost in economic growth and U.S. auto jobs, according to a report released Thursday. The United States Mexico Canada Agreement, struck by the three North American countries last year, would increase real U.S. gross domestic product by an estimated $68.2 billion, or 0.35%, according to the U.S. International Trade Commission The agreement — which the countries' legislatures' still need to ratify — would boost U.S. exports to Canada and Mexico by 5.9% and 6.7%, respectively. "The model estimates that the agreement would likely have a positive impact on all broad industry sectors within the U.S. economy. Manufacturing would experience the largest percentage gains in output, exports, wages, and employment, while in absolute terms, services would experience the largest gains in output and employment," the ITC said in a news release. The repo
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