Trump's NAFTA 2.0 is even worse than the original. If you like free trade, you'll hate this "deal."
Last week the United States, Mexico, and Canada agreed to replace the North American Free Trade Agreement (NAFTA) with a new United States-Mexico-Canada Agreement (USMCA). Sadly, instead of replacing NAFTA's managed trade with true free trade, the
Out with the old, in with the new...
U.S. President Donald Trump on Monday said a new free trade agreement with Canada and Mexico would support hundreds of thousands of U.S. jobs, marking it as a victory in his push to reshape the lines of global commerce.
As a single country, China is the US's largest trading partner but Canada is the largest export partner.
Canada's top trade negotiator praised Mexico's trade concessions on autos and labor rights on Tuesday as she rejoined NAFTA talks, while U.S. lawmakers warned that a bilateral U.S.-Mexico trade deal would struggle to win approval in Congress.
As discussed yesterday, a key outstanding question over the future of global trade may be about to get an answer: