New NAFTA Gives USA Leverage Over Future Canada-China Trade

[alpha]

Astonishing' clause in new deal suggests Trump wants leverage over Canada-China trade talks: experts

The USMCA includes language that requires signatories to give notice if they plan to negotiate a free trade deal with a 'non-market country'

https://nationalpost.com/news/politics/astonishing-clause-in-new-deal-suggests-trump-wants-leverage-over-canada-china-trade-talks-experts

[LC]

Anyone have a link with a comprehensive rundown of the new agreement?

[Parsad]

Astonishing' clause in new deal suggests Trump wants leverage over Canada-China trade talks: experts

The USMCA includes language that requires signatories to give notice if they plan to negotiate a free trade deal with a 'non-market country'

https://nationalpost.com/news/politics/astonishing-clause-in-new-deal-suggests-trump-wants-leverage-over-canada-china-trade-talks-experts

The clause works both ways...if the U.S. negotiates with China, Canada and Mexico have the same rights to examine any potential agreements and withdraw from the USMCA.  Cheers!

[Cigarbutt]

Anyone have a link with a comprehensive rundown of the new agreement?

https://ustr.gov/trade-agreements/free-trade-agreements/united-states-mexico-canada-agreement/united-states-mexico#

[LC]

Anyone have a link with a comprehensive rundown of the new agreement?

https://ustr.gov/trade-agreements/free-trade-agreements/united-states-mexico-canada-agreement/united-states-mexico#

Thanks. I was hoping something a little more readable from a news outlet or something. 

[Schwab711]

Anyone have a link with a comprehensive rundown of the new agreement?

https://ustr.gov/trade-agreements/free-trade-agreements/united-states-mexico-canada-agreement/united-states-mexico#

Thanks. I was hoping something a little more readable from a news outlet or something. 

It's more or less the same deal. Here are the cleanest USMCA v. NAFTA I've seen. I'm sure white papers with more detail will be out soon but not a whole lot changed on paper.

https://www.usatoday.com/story/news/2018/10/01/comparison-nafta-and-usmca-trade-agreements/1487163002/
https://www.ft.com/content/92e9ce0a-c55f-11e8-bc21-54264d1c4647

[LC]

Thanks Schwab. Here's a NYTimes article:
https://www.nytimes.com/2018/10/01/business/trump-nafta-usmca-differences.html

Which tries to summarize the major changes as well. I agree though, doesn't seem like much has materially changed. A lot of huffing and puffing over nothing. Unsurprising.

[meiroy]

Astonishing' clause in new deal suggests Trump wants leverage over Canada-China trade talks: experts

The USMCA includes language that requires signatories to give notice if they plan to negotiate a free trade deal with a 'non-market country'

https://nationalpost.com/news/politics/astonishing-clause-in-new-deal-suggests-trump-wants-leverage-over-canada-china-trade-talks-experts

Does anyone know if there is bipartisan support for this section?   

[Spekulatius]

Thanks Schwab. Here's a NYTimes article:
https://www.nytimes.com/2018/10/01/business/trump-nafta-usmca-differences.html

Which tries to summarize the major changes as well. I agree though, doesn't seem like much has materially changed. A lot of huffing and puffing over nothing. Unsurprising.

Trump wanted to abolish NAFTA, so he changed the name. Right do think that going forward some provisions to prevent backdoor import of Chinese parts into US/NAFTA produced cars are important, but I think it would be easy to add them to the exist agreement. Neither Mexico, Canada or the HS are interested on allowing Chinese parts in US cars, I think some multinational car suppliers would want to do that.