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New Trade Agreement between the U.S, Mexico, and Canada Signed

03 December 2018

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Proposed Changes

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United States-Mexico-Canada

On 30 November 2018, the U.S. President Donald Trump, Mexican President Enrique Peña Nieto, and Canadian Prime Minister Justin Trudeau signed the United States-Mexico-Canada Agreement (USMCA). The agreement revises and replaces the North American Free Trade Agreement (NAFTA). As noted by the Office of the U.S. Trade Representative, the agreement highlights include: Creating a more level playing field for American workers, including improved rules of origin for automobiles, trucks, other products, and disciplines on currency manipulation; Benefiting American farmers, ranchers, and agribusinesses by modernizing and strengthening food and agriculture trade in North America; Supporting a 21st Century economy through new...