Still, the ITC's model suggests the revised trade deal offers both economic growth — a 0.35 per cent boost to U.S. real gross domestic product (GDP), worth $68.2 billion — and employment growth (an estimated 176,000 jobs). U.S. exports of goods and services to Canada are expected to increase by 5.9 per cent annually under the new deal. U.S. trade with the rest of the world is also expected to increase, but trade with NAFTA partners would represent a larger share of total U.S. trade, the ITC projects. Trade uncertainty costlyThe study modelled the changes in tariffs and quotas that will affect trade in goods. "As with all other recent trade deals negotiated by Canada, an economic analysis will be released in due course," said spokesperson John Babcock.

Source: CBC News April 18, 2019 19:52 UTC