A trade agreement with Mexico and Canada revises Mexico`s labour laws and further encourages auto production in North America. So stopping the lingering damage of a bad deal is more than a very good agreement to put climate standards in place and fix all the things that have not been repaired in NAFTA. On December 19, 2019, the U.S. House of Representatives passed the USMCA with multiparty support with 385 votes (Democracy 193, Republican 192) to 41 (Democracy 38, Republican 2, Independent 1). [79] On January 16, 2020, the U.S. Senate passed the trade agreement by 89 votes (Democrats 38, Republicans 51) to 10 (Democracy 8, Republican 1, Independent 1)[80] and the bill was forwarded to the White House for the signature of Donald Trump. [81] On January 29, 2020, Trump signed the agreement (Public Law No: 116-113). [82] NAFTA has been formally amended,[83] but not the 1989 Canada-U.S. Free Trade Agreement, which is only “suspended.” [84] [85] What this might mean for consumers, experts said it was unlikely to reduce the cost of Canadian products, but this could lead to a greater variety of options on grocery store shelves. But it will not bring back hundreds of thousands of jobs, as the president has said.

Nothing is clearer than the fact that many U.S. automakers have announced that they will relocate their production to Mexico since the agreement was reached. The agreement gives U.S. farmers additional access to foreign markets, particularly in Canada. It does not dismantle Canada`s “supply management system,” which imposes the amount of production on Canadian farmers so that they can be profitable. But Canada has agreed to abolish a program that helps sellers of certain dairy products in Switzerland and abroad and opens its market to milk, cream, butter, cheese and other U.S. products. In return, the United States expanded access to its market for the Canadian dairy and sugar industry. North America is therefore one of the most advanced free trade zones in the world.

And our economy will be stronger in the future with this new trade agreement.

preloader