Canadian economic analysis: USMCA better than no deal, Section 232 tariffs

The Canadian economy will benefit slightly from the U.S.-Mexico-Canada Agreement, but the main benefits stem from the prevention of a U.S. withdrawal from NAFTA and Section 232 tariffs on steel and aluminum, the Canadian government says in an economic impact assessment released this week. “In conclusion, the analytical findings resulting from economic modelling suggest that the Agreement’s economic impact on the Canadian economy is positive when compared to the effects of a scenario under which the United States withdraws from...