U.S. – Mexico – Canada Agreement: Likely Impact on the U.S. Economy and Specific Industry Sectors
Updated: Jul 9, 2020
International Trade Commission, Publication No. 4889; Investigation No. TPA 105-003
Executive Summary As required by section 105(c) of the Bipartisan Congressional Trade Priorities and Accountability Act of 2015, this report, prepared by the U.S. International Trade Commission (Commission or USITC), assesses the likely impact of the U.S.-Mexico-Canada Agreement (USMCA or the agreement) on the U.S. economy as a whole and on specific industry sectors. As required, this assessment includes the impact of the agreement on the U.S. gross domestic product (GDP), exports and imports, aggregate employment and employment opportunities, the production, employment, and competitive position of U.S. industries likely to be significantly affected by the agreement, and the interests of U.S. consumers. This executive summary presents an overview of the agreement, provides a summary of the Commission’s assessment of the likely impact of the agreement, and reviews the empirical literature regarding the agreement, to the extent that such literature exists.
You can access the report here.