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Opinion | Half a Nafta
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This Wall Street Journal editorial says the Trump-Lighthizer strategy is to blow up global supply chains and a political strategy to win Democratic votes. It is critical of the reduced protections for American business from expropriation, which it says is intended to keep American jobs at home. It is also critical of the attempt to leave NAFTA by setting up separate trade deals with Mexico, and later with Canada. Business has favored keeping the North American supply chains intact. The editorial praises the 16 year duration of the agreement with Mexico offering more certainty for investors.
United States - Mexico Trade Agreement, USMCA
08/28/2018
President Trump pushes forward with a trade deal with Mexico to replace NAFTA, leaving out Canada. The new deal changes provisions that allowed Mexico to challenge U.S. trade penalties. It also require the 40-45% of U.S. content to be made using wages of at least $16 per hour. Automakers had invested tens of billions in Mexico to turn it into an export hub using lower cost labor, hurting American workers. The deal is aimed at increasing investment in American jobs in the auto industry.
Grouped Articles
Mexico Pact Eases Car Makers’ Concerns
WSJ 08/28/2018
Trump Hails U.S.-Mexico Trade Pact, Says ‘We’ll See’ With Canada
WSJ 08/28/2018
What the U.S.-Mexico Trade Pact Says
WSJ 08/27/2018
Trump Reaches Revised Trade Deal With Mexico, Threatening to Leave Out Canada
08/27/2018
WSJ 08/27/2018
U.S., Mexico and Canada Sign Pact to Replace Nafta
WSJ 11/30/2018
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