April 22

Impact From USMCA


Impact From USMCA

“People usually won’t change until they’re sick and tired of being sick and tired.” Adam Osborn

Recently, the US International Trade Commission (ITC), reported that the United States-Mexico-Canada agreement (USMCA) will have a moderate effect on the US economy.

One side-effect of USMCA would be an increase in automotive parts production and also an employment increase in the US automotive industry.

The agreement is expected to have a positive impact on all US industry sectors. In addition, it is forecasted to have a positive effect on US trade, both regionally and globally.

USMCA is the proposed replacement to (NAFTA) North American Free Trade.

Houston Steel Market

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