Skip to main content

Posts

Showing posts with the label #USMCA

NAFTA 2.0 will 'definitely' become a pivotal presidential election issue

The U.S. and Canada forged a last-gasp deal to salvage NAFTA over the weekend, following more than a year of tense trilateral negotiations. One key takeaway from the new United States-Mexico-Canada (USMCA) deal is a clause that stipulates the agreement must be reviewed every six years. When asked on Tuesday whether the six-year review clause could become a touchstone election issue over the coming years, Stephen Brown, senior Canada economist at Capital Economics, told CNBC: "Definitely." NAFTA 2.0 'takes away' some uncertainty Trump, who had long threatened to scrap the NAFTA deal in full, has lauded the USMCA pact as a key electoral promise fulfilled. But critics of the revamped deal have questioned whether  much has really changed  from the original accord, prompting Trump to tell reporters on Monday: "It is not NAFTA redone. It is a brand new deal." China is the biggest part of global trade uncertainty: Fund manager   6 Ho