IMF study: Canada and Mexico gain under USMCA, U.S. loses

The effect of the U.S.-Mexico-Canada Agreement on the three countries’ GDP will be “negligible,” according to an analysis published this week by the International Monetary Fund, with Canada and Mexico set to enjoy small gains while the U.S. takes a small hit. “In total, USMCA countries have a combined welfare gain of $538 million.... Canada’s welfare increases by $700 million and Mexico’s increases by $600 million, while that of the United States declines,” the paper reads. “The effects on members’...