On Thursday, April 18, 2019 the U.S. International Trade Commission (USITC) released its Congressionally mandated report on the likely impact of the U.S.-Mexico-Canada Agreement (USMCA) on the U.S. economy. The report estimated that the USMCA would raise U.S. real GDP by $68.2 billion (0.35 percent) and U.S. employment by 176,000 jobs (0.12 percent) over a six year period. In addition, U.S. exports to Canada and Mexico would increase by $19.1 billion (5.9 percent) and $14.2 billion (6.7 percent), respectively. U.S. imports from Canada and Mexico would increase by $19.1 billion (4.8 percent) and $12.4 billion (3.8 percent), respectively. Overall, the agreement would likely have a positive impact on all broad industry sectors within the U.S. economy.

A copy of the report can be found here.