US ITC: USMCA trade deal would raise US GDP by 0.35%

Dhwani Mehta FXStreet

In the overnight trades, Reuters reported key headlines from a report published by the US International Trade Commission (ITC) on a potential United States-Mexico-Canada Agreement (USMCA).

Key Findings:

USMCA trade deal will increase US employment by 176K jobs.

US imports from Canada and Mexico to climb $31.5B.

US exports to Canada and Mexico to climb $33.3B.

Sees higher US auto prices.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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