US Commerce Secretary Wilbur Ross told Fox Business that the US, Mexico and Canada are “within inches, maybe millimeters” of completing the USMCA. The trilateral trade agreement is expected to create “north of 176,000 new jobs” and boost the auto industry by USD 34B.
Trade officials of the three countries are expected to meet in Mexico City today to pin down the details. A vote in the House would be needed this week to ensure passage of USMCA by year end. “Every day that it isn’t approved is a day delayed and the benefits to America,” Ross said.