USMCA to Boost US Economy and Jobs, Trade Panel Finds

(L to R) Mexican President Enrique Pena Nieto, U.S. President Donald Trump, and Canadian Prime Minister Justin Trudeau deliver a statement on the signing of the USMCA trade agreement in Buenos Aires on the sidelines of the G20 Leaders' Summit, on Nov. 30, 2018. MARTIN BERNETTI/AFP/Getty Images

WASHINGTON—The new trade agreement between the United States, Mexico, and Canada, called the USMCA, will have a positive impact on the U.S. economy and employment, according to an independent analysis by the U.S. International Trade Commission (ITC).

The long-anticipated analysis is an important step in obtaining congressional approval for the agreement.