Trump claimed that the new US-Mexico-Canada Agreement, which replaces the North American Free Trade Agreement, “will create nearly 100,000 new high-paying American auto jobs.”
Facts First: Trump is inflating his administration’s own estimate of job creation under the new trade deal – which is even higher than an estimate from an independent agency.
It’s difficult to predict what will happen in the future. But a report from the Trump Administration’s own Office of US Trade Representative put the number at 76,000 jobs over five years.
The US International Trade Commission, an agency that is part of the federal government but conducts its analysis independently of the administration, estimated an increase of 29,700 jobs in auto parts production because of the USMCA, but a decline of 1,600 jobs in vehicle production.