The U.S. International Trade Commission report comes as President Donald Trump pushes Congress to ratify the revised trade deal despite reservations from both Democrats and Republicans.
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 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 report comes as President Donald Trump pushes Congress to ratify the revised trade deal despite reservations from both Democrats and Republicans. The president has spent his time in office trying to rework trade relationships with major partners, saying changes such as the ones made to NAFTA will encourage American manufacturing and job creation in the U.S.
A separate report from the U.S. Trade Representative, part of the executive branch, projected the deal would have bigger effects on the auto industry specifically. While the ITC estimated 28,000 job gains in the auto sector, the USTR thinks the trade deal would create 76,000 auto jobs in the next five years, a roughly 7.5 percent increase for the industry.
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