Listen to the article 6 min
This audio is auto-generated. Please let us know if you have feedback.
Dive Brief:
Since the United States-Mexico-Canada Agreement was ratified in 2018, 15 out of 18 U.S. manufacturing sectors have increased exports to Canada and Mexico, the National Association of Manufacturers said in a report released May 13, as policymakers begin their six-year review of USMCA.
In addition, companies “across the manufacturing sector” have increased investment and hiring as a result of the USMCA, NAM said in a news release. In 2024, U.S. investors held $116.3 billion in foreign direct investment assets in manufacturing in Canada and more than $63 billion in Mexico, according to the report.
