New North America trade pact to have 'moderate' positive effect: US report

US Trade Representative Robert Lighthizer said Thursday that the report showed there was "no doubt" the trade deal was "a big win" for the US economy - because the predicted gain was bigger than that for Trans-Pacific Partnership, from which Mr Trump withdrew in 2017.

US Trade Representative Robert Lighthizer said Thursday that the report showed there was"no doubt" the trade deal was"a big win" for the US economy - because the predicted gain was bigger than that for Trans-Pacific Partnership, from which Mr Trump withdrew in 2017.

"It's positive," Jack Caporal, a trade policy expert at Center for Strategic and International Studies, told AFP."It won't have a huge impact."The US auto workforce would rise by a net 28,000 workers yet prices would also rise somewhat - actually cutting auto sales by 140,000. In particular, the share of a motor vehicle's content that must be produced in North America was raised to 75 per cent and between 40 and 45 per cent of the content must be produced by workers earning at least US$16 per hour - a rule expected to boost wages in Mexico.

"We have unique insights as a result of the information that's been provided to us, proprietary business information that has been provided to us by the companies," the official said, speaking on condition of anonymity due to USTR ground rules.

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