White House seeks to pre-empt independent USMCA impact report [Business News Network (BNN) Energy & Resources (Canada)]
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Source: Business News Network
White House seeks to pre-empt independent USMCA impact report he Trump administration on Thursday sought to get ahead of what is expected to be an underwhelming independent government estimate of the economic impact of a new NAFTA by publishing its own study of the benefits of changes to auto production rules in the new pact. President Donald Trump has portrayed a new U.S.-Mexico-Canada Agreement he negotiated as a replacement for NAFTA as likely to lead to a rush of new investment and jobs in the U.S. and an end to the outsourcing he and others have blamed for a hollowing out of American manufacturing. But a congressionally-mandated study by the International Trade Commission due to be published as soon as Thursday is widely expected to show that the USMCA negotiated by the Trump administration would have a modest impact on the U.S. economy. A study released last month by researchers at the International Monetary Fund employing a similar model to the ITC’s found the new pact would ha
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