Trump USMCA would add $68B to GDP and 176,000 jobs, independent report says....

[The Purge]

U.S. Trade Representative Robert Lighthizer said the report's findings "validate" the administration's decision to renegotiate NAFTA. "This report is an important step forward in gaining congressional approval of the USMCA ... There can be no doubt that the USMCA is a big win for America’s economy," he said.

Business groups said the study showed that Congress should embrace the deal. "This agreement will level the playing field for manufacturers in the United States and support the 2 million American manufacturing jobs that depend on our exports to Canada and Mexico,” said Linda Dempsey, vice president of international economic affairs for the National Association of Manufacturers.

Farmers for Free Trade, an agriculture industry coalition group, said the real problem was allowing the legislation to linger, since that created confusion over what is the current U.S. trade policy. "The true benefit that USMCA delivers for American farmers is certainty and stability," said Brian Kuehl, the coalition's co-executive director. "Especially right now, American farmers need a victory. USMCA will guarantee that their most important export markets remain open for business and free from red tape."

(Excerpt) Read more at washingtonexaminer.com ...

Now will Piglousi even bring it up for a vote?

 

[The Purge]

Will promote U.S. energy leadership

Trade with Canada and Mexico supports 11 million U.S. jobs, benefiting every state and every corner of the economy. Under the North American Free Trade Agreement, manufacturing sales supports jobs in 43,000 U.S. manufacturing firms. Canada and Mexico are top markets for American farmers, buying nearly one-third of U.S. agricultural exports.

Now add U.S. energy benefits to the long list of reasons to maintain these critical trade partnerships by approving the U.S.-Mexico-Canada-Agreement.

Canada and Mexico are our best energy customers, ranking as the top purchasers for a host of fuels. Canada is the top market for U.S. exports of crude oil and fuel blending components. Mexico is the top market for U.S. exports of gasoline, fuel oil, and total refined products.

The more accessible energy markets are, the more energy we produce, and that means more jobs and greater energy security. The United States leads the world in natural gas and oil production, producing at record levels and significantly reducing reliance on overseas energy suppliers. Our trading partnerships with Canada and Mexico provide an additional stable source of energy that reinforces the buffer we’ve built against overseas disruptions.

In addition to being the top market for U.S. crude oil exports, Canada is also our No. 1 source of crude oil imports — not Saudi Arabia or some other OPEC competitor. That’s another way the deep integration of North American energy markets supports energy security. In fact, North America could be self-sufficient in liquid fuels as soon as 2020.

(Excerpt) Read more at washingtonexaminer.com ...

 

[william the wie]

This report is grossly understated about positive economic impact of drilling. It also grossly understates the negative impact of the aging refining base. As to steel about the only cost is energy.

 

[Deplorable Yankee]

It also grossly understates the negative impact of the aging refining base.

they cant scramble fast enough on both storage and capacity

 

[william the wie]

It also grossly understates the negative impact of the aging refining base.

they cant scramble fast enough on both storage and capacity

I suspect as opposed to know that PR will start building refineries like there is no tomorrow. Their economy is dead in the water.

 

[Jitss617]

Trump derangement meltdown 5,4,3,2,1

 

[william the wie]

Trump derangement meltdown 5,4,3,2,1

hasn't that happened multiple times already, what does one more time by the loony-toon left matter?