Monday, October 1, 2018

Trade: With Late-Night Deal, NAFTA Becomes USMCA

America First, yet again.
It's now the U.S.-Mexico-Canada Agreement, or USMCA. 
  • "Trump is set to sign a successor to the North American Free Trade Agreement that will make modest revisions to a deal he once called a 'disaster,' easing uncertainty for companies reliant on tariff-free commerce," as per Bloomberg.
  • "U.S. and Canadian negotiators worked around the clock this weekend to secure an agreement just before [midnight yesterday], allowing leaders from those nations and Mexico to sign the accord by late November."

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