- Sep 2018
- Atlanta area
President Trump has been right in his criticism of NAFTA and other trade deals that have left the United States at a disadvantage, sidelining American goods, stifling job growth and allowing other countries to steal America’s intellectual property.
That has begun to change with a revamped NAFTA deal the Trump administration named the USMCA, which stands for the U.S.-Mexico-Canada Agreement.
At first, Mexico refused to alter its trade policies, but now it has. Canadian Prime Minister Justin Trudeau announced strong opposition to making compromises or changing what Trump said was a tariff as high as “270 percent on U.S. dairy products.” However, hours before a midnight deadline, CNN reported, “…the U.S. and Canadian governments agreed to a deal that would allow U.S. farmers greater access to Canada’s dairy market and address concerns about potential U.S. auto tariffs.”
In May, even China, which has been the most resistant of all in changing its unbalanced trade policy, announced it was cutting tariffs on imported cars and car parts. More recently it pledged to soon reduce tariffs on a wide-range of consumer goods, including apparel, washing machines and makeup.