Steptoe’s International Trade group has put together a helpful guide to the new NAFTA (the US-Mexico-Canada Agreement (USMCA)).
The Agreement must still go through ratification and implementation processes in all three countries before it can enter into force. In the coming weeks, the Trump Administration will submit legislation to Congress to implement the USMCA. Before a vote can be taken in the United States, however, the Administration will first need to resolve concerns and objections raised by members of Congress from both parties, making any vote on the USMCA challenging before the congressional summer recess.
Although the USMCA carries over a number of NAFTA’s important market-opening elements, it also introduces a number of changes that carry potentially significant implications for business planning across many sectors.
Continue Reading USMCA Unlocked: Working Under the New NAFTA