The USMCA and the Future of Trade in North America

In August 2017, President Donald Trump announced that the North American Free Trade Agreement (NAFTA) would be renegotiated. This arduous process has resulted in the United States-Mexico-Canada Agreement (USMCA), which has now been ratified in Washington and Mexico City and will be approved soon in Ottawa. In many ways, the USMCA is an improvement over the 25-year-old NAFTA, as the USMCA includes additional economic sectors, such as energy and e-commerce, as well as new environmental and labor protections. However, the USMCA is more restrictive on other issues, such as steel, aluminum and national content in manufacturing, and it also restricts trade between North America and other countries like China.

At this event, the Center for the United States and Mexico hosted international trade experts to explain the complexities of the USMCA and forecast its impact on both local and global trade. Follow @BakerCtrUSMEX on Twitter and join the conversation online with #BakerMexico.