In what ways do you think the USMCA will benefit the U.S.?
One of the five themes of geography is movement. Regional trade involves the movement of goods and services across national borders within a defined region. NAFTA, the North American Free Trade Agreement, was an example of a regional trade agreement. NAFTA was controversial from the time it was signed into law in 1993. Former President Donald Trump called it the worst free trade agreement ever signed. Others have cited NAFTA’s advantages.
On January 29, 2020, then-President Trump signed the United States, Mexico, Canada Agreement , also called the USMCA, to replace NAFTA. Like NAFTA, the USMCA is a trilateral trade agreement involving the United States, Mexico, and Canada (covered in Chapters 4 and 5). Some think the USMCA is a better agreement than NAFTA. Others disagree.
What do you think?
Read the following articles:
USMCA: Who are the winners and losers of the ‘new NAFTA’?
Trump Just Ripped Up Nafta. Here’s What’s in the New Deal.
USMCA, the new trade deal between the US, Canada, and Mexico, explained
Trump has just revolutionized global trade by replacing NAFTA with USMCA
Green groups urge lawmakers to oppose USMCA
Trump Signs Trade Deal With Canada and Mexico
USMCA, Trump’s new NAFTA deal, explained in 600 words
Few Americans oppose Trump trade agreement: poll
After Trump: What Will Biden Do on Trade?
Joe Biden: Trump’s USMCA “Is Better Than NAFTA, But”
