Cherry-Pick USMCA The economic analysis of the U.S.-Mexica-Canada Agreement (USMCA) by the U.S. International Trade Administration was released today and gives the pact a very small win. It would increase real U.S. gross domestic product (GDP) by $68.2 billion or 0.35 percent and grow U.S. employment by 176,000 jobs or 0.16 percent. The U.S. has been creating an average 211,000 new jobs each month over the past year. However, at least it is a positive number to counter the demand by Democrats to return to the negotiating table and toughen the labor and environment provisions. More likely, they will use the International Monetary Fund’s analysis of USMCA, which found welfare gains of $700 million for Canada and $600 million for Mexico...
From WPI Consulting
Communicating importance of value-added products
Facing increasing pressure to quantify the value of export promotion efforts to investors, a U.S. industry organization retained WPI to develop a quantitative model that better communicated the importance of exports. The resulting model concluded that value-added meat exports contributed $0.45 cents per bushel to the price of corn, increasing support for that sector’s financial support of WPI’s client. In addition to serving the red meat industry with this type of analysis, WPI has generated similar deliverables for the U.S. soybean and poultry/egg industries.