Trump Just Signed the U.S.M.C.A. Here’s What’s in the New NAFTA
Trump Just Signed the U.S.M.C.A. Here’s What’s in the New NAFTA A trade agreement with Mexico and Canada revises Mexico’s labor laws and encourages more auto production in North America. WASHINGTON — President Trump signed the revised North American Free Trade Agreement into law on Wednesday, fulfilling a campaign promise to rewrite “one of the worst trade deals” in history. “Today we are finally ending the NAFTA nightmare,” Mr. Trump said during a White House signing ceremony, calling the new trade deal a “colossal victory” for farmers, factory workers, and other countries. Much of the new United States-Mexico-Canada Agreement simply updates the 25-year-old NAFTA, with new laws on intellectual property protection, the internet, investment, state-owned enterprises and currency. But the 2,082-page pact also includes significant changes in several key areas, including provisions designed to incentivize car production in N...