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U.S., Canada, Mexico Sign New USMCA Trade Agreement.(12/04/2018)
The Wall Street Journal (11/30, Schlesinger, Davis, Subscription Publication) reported that the U.S., Canada and Mexico have signed a new trade deal to replace the NAFTA.
The leaders of the three countries “signed an authorization for the deal on Friday morning in Buenos Aires on the sidelines of the Group of 20 summit, with their ministers signing it shortly after,” Bloomberg News (11/30) reported. “The vast majority of the pact still needs to be ratified by lawmakers in the three countries but the signing enacts a handful of immediate protections, such as from auto tariffs.” Bloomberg News reported that uncertainties “remain, as the original 1994 pact remains in effect, and tariffs on steel and aluminum continue to be a major irritant.”
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