WASHINGTON/MEXICO CITY/OTTAWA - The revamped trade pact between the United States, Canada and Mexico taking effect on Wednesday was meant to create a kind of fortress North America, boosting the region’s competitiveness - but cracks are already starting to show in the foundation.
The U.S.-Mexico-Canada Agreement includes tighter North American content rules for autos, new protections for intellectual property, prohibitions against currency manipulation and new rules on digital commerce that did not exist when NAFTA launched in 1994, an agreement U.S. President Donald Trump has lambasted as the “worst trade deal ever made.”
Issues dogging USMCA include hundreds of legal challenges to Mexico’s new labor law championed by President Andres Manuel Lopez Obrador to ensure that workers can freely organize and unions are granted full collective bargaining rights. U.S. Trade Representative Robert Lighthizer has said he will file dispute cases “early and often” to enforce USMCA provisions, citing Mexico’s failure to approve U.S. biotech products..That could lead to increased tariffs on offending goods, such as products from individual factories where labor violations are found.
Canadian Prime Minister Justin Trudeau on Monday told reporters that these would hurt both countries and raise materials costs for U.S. manufacturers.
The 3 people behind standing Don’t look happy at all.
It should be called theObamatradedeal
Why the previous one cancelled? To satisfy the craziness of mad dog Trump? Mexico & Canada should never have agreed for a new one! Mexico & Canada vassal states of Satanic USA?. U.S Congress running dogs for Trump? Failed state USA!
Poor Canada and Mexico getting exploited by US.
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