Trump Just Ripped Up Nafta. Here’s What’s in the New Deal.
10/1/18
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from The New York Times,
10/1/18:
Changes for automakers, dairy farmers, labor unions and large corporations headline the renegotiated U.S.M.C.A., which is poised to replace Nafta.
There’s a lot to digest in the new trade agreement that the United States, Mexico and Canada finalized in deadline-beating fashion on Sunday, starting with a name change: If the new deal is adopted by all three countries, the North American Free Trade Agreement will give way to the United States-Mexico-Canada Agreement or U.S.M.C.A.
It’s a cosmetic change for an otherwise consequential set of revisions.
“It’s not Nafta redone, it’s a brand-new deal,” President Trump said at the White House on Monday.
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