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The Trump administration rolled back steep tariffs on metal from its North American neighbours on Friday, clearing a major obstacle for ratification of the United States-Mexico-Canada Agreement.
The auto industry would create roughly 30,000 US jobs under the agreement, the congressionally-mandated report said, but overall American car production and consumption would fall because of higher prices.
"It is no surprise that the USITC found that consumer prices will go up but the impact in the economy as a whole is likely to be small and perhaps negligible," said Hugo Perezcano Díaz, the deputy director of International Economic Law with the Centre for...