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

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.