How is 'New NAFTA' Different? A Trade Expert Explains

How is 'New NAFTA' Different? A Trade Expert Explains

On Sept. 30, the U.S., Canada and Mexico reached a deal to scrap NAFTA and replace it with a new trade accord, narrowly meeting a self-imposed deadline for consensus.

Although U.S. President Donald Trump plans to sign the United States-Mexico-Canada Agreement in 60 days, the new accord has a long road ahead as lawmakers in all three countries must still pass it before it goes into effect.

Still it is an astounding feat, considering Mexico and the U.S. were all but ready to go ahead with their own deal without Canada only a month ago, after a year of three-party negotiations. And Trump repeatedly said he was ready to scrap the deal entirely, which in my opinion would have been the worst outcome.

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