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Spankynomics Introduces USMCA


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December 19, 2019

 

"U.S. Treasury Secretary Steven Mnuchin says the replacement for the North American Free Trade Agreement will boost the U.S. economy by .5%, but some leading economists do not agree.

 

Based on the original revised treaty that the U.S. signed with Mexico and Canada last year, the U.S. International Trade Commission forecast the impact would raise the gross domestic product, or GDP, by .35% after six years, while the International Monetary Fund has said the impact would be negligible."

 

 

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