Last updateWed, 28 Oct 2020 4pm

Manufacturing & The Economy

After Passing Senate, President Signs USMCA Trade Agreement

The U.S. Senate passed the United States-Mexico-Canada Agreement (USMCA) on January 16 by a vote of 89-10. The trade legislation then headed to the president’s desk where he signed it on Wednesday January 29.

“USMCA is expected to boost economic growth and job creation, though only modestly,” CNBC reports. “The U.S. International Trade Commission estimates it will increase GDP by 0.35% and create 176,000 jobs.”

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