Usmca

The revamped trade pact between the United States, Canada and Mexico taking effect on Wednesday was meant to create a kind of fortress North America, boosting the region's competitiveness - but cracks are already starting to show in the foundation. As the deal kicks in, the Trump administration is threatening Canada with new aluminum tariffs, and a prominent Mexican labor activist has been jailed, underscoring concerns about crucial labor reforms in the replacement for the 26-year-old North Ame

Groups representing major automakers and suppliers asked U.S. lawmakers on Friday to consider new tax relief and delay the start of a new trade deal as auto sales decline as a result of the coronavirus pandemic. On Friday, BMW AG became the latest to announce a production halt. The Alliance for Automotive Innovation -- representing General Motors Co , Volkswagen AG , BMW, Toyota Motor Corp and others -- and the Motor & Equipment Manufacturers Association (ME

President Donald Trump on Wednesday signed a new North American trade agreement during an outdoor ceremony at the White House attended by about 400 guests - but not the key Democrats who helped secure congressional passage of the deal. Trump, on trial in the U.S. Senate on charges of abusing power and obstructing Congress, welcomed Republican senators at the South Lawn event by name. Other guests included lawmakers from around the country, workers, farmers and chief executives, as well as offi

One day after its historic impeachment votes, the Democratic-led House gave President Donald Trump an overwhelming bipartisan victory Thursday on a renegotiated trade agreement with Canada and Mexico. The legislation passed after House Speaker Nancy Pelosi, D-Calif., and her colleagues won key concessions from an administration anxious to pass the trade deal before next year’s election season makes that task more difficult. The GOP-controlled Senate probably will take up the legislation when

MEXICO CITY/WASHINGTON (Reuters) - Top officials from Canada, Mexico and the United States signed a fresh overhaul of a quarter-century-old trade pact on Tuesday that aims to improve enforcement of worker rights and hold down prices for biologic drugs by eliminating a patent provision. The signing ceremony in Mexico City launched what may be the final approval effort for U.S. President Donald Trump's three-year quest to revamp the 1994 North American Free Trade Agreement (NAFTA), a deal he has

Jobs gained in parts and engines, jobs lost in final assembly as cars cost more.

This in spite of no-tariffs trade agreement his administration negotiated.

Congress still has to approve it.

Their U.S. production is protected, but imports from Japan are at risk

From cars to oil to milk.

11th-hour deal creates USMCA, will replace NAFTA.