![]() That was up 27% from 2019 and was above a 20% gain in trade with China over the same period.īut it’s hard to tease out which economic gains can be credited to the USMCA and which happened for a variety of unrelated reasons. America’s trade with Canada and Mexico - exports plus imports - reached a record $1.78 trillion last year. And North American commerce has flourished. Since January 2020, vehicle and parts manufacturers have actually added nearly 90,000 jobs. Trump said the pact would create 76,000 auto industry jobs. “I don’t expect that we’re ever going to be able to say that (the USMCA) accomplished very much,’’ said Alan Dierdorff, a professor emeritus of economics and public policy at the University of Michigan. They have increased since 2020 - but only by about $8 billion. auto parts to Mexico would rise by $23 billion. The former president also predicted that exports of U.S. Despite Trump’s insistence that the USMCA would pull more manufacturing back to the United States, the gap between what America sells and what it buys from Mexico keeps widening: It has surged from the $64 billion gap in 2016 that so irritated Trump to a record $139 billion last year. In some ways, the USMCA as a whole has fallen short of Trump’s promises. “We’re going to see the positive results first for Mexican workers because Mexico is undergoing a massive, comprehensive, ambitious labor market reform," she said. Labor Department, suggested that the pact and Mexico's reforms haven't been around long enough to yield measurable help to American workers yet. Thea Lee, a deputy undersecretary at the U.S. workers win when workers in other countries have the same rights,’’ said Cathy Feingold, director of the AFL-CIO’s international department. ![]() workers, who no longer must compete with severely underpaid Mexican laborers without real bargaining power. Trade officials and experts predict, though, that the benefits will also flow, in time, to U.S. Novel provisions of the pact have enhanced the ability of long-exploited Mexican workers to form unions and secure better wages and working conditions. ![]() It’s just that the beneficiaries have so far been mostly in Mexico. Yet while the the deal's overall impact has been slight, it has nevertheless been helping workers on the ground. ![]()
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