NAFTA Re-Branded as Canada Joins Pact With U.S. & Mexico

President Donald Trump is set to sign a successor to the North American Free Trade Agreement that will make modest revisions to a deal he once called a “disaster,” easing uncertainty for companies reliant on tariff-free commerce.   U.S. and Canadian negotiators worked around the clock this weekend to secure an agreement just before a Sunday midnight deadline, allowing leaders from those nations and Mexico to sign the accord by late November. The 24-year-old Nafta will now be superseded by the U.S.-Mexico-Canada Agreement, or USMCA, covering a region that trades more than $1 trillion annually.   “It is a great…

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NAFTA Re-Branded as Canada Joins Pact With U.S. & Mexico

President Donald Trump is set to sign a successor to the North American Free Trade Agreement that will make modest revisions to a deal he once called a “disaster,” easing uncertainty for companies reliant on tariff-free commerce.   U.S. and Canadian negotiators worked around the clock this weekend to secure an agreement just before a Sunday midnight deadline, allowing leaders from those nations and Mexico to sign the accord by late November. The 24-year-old Nafta will now be superseded by the U.S.-Mexico-Canada Agreement, or USMCA, covering a region that trades more than $1 trillion annually.   “It is a great…

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NAFTA Renegotiation & Tariffs on Imports from Mexico

Posted March 6, 2017
Category Company News
Challenged to find a way to pay for a wall along the U.S. / Mexico border, the Trump administration is seriously considering renegotiating NAFTA resulting in the possibility of imposing tariffs on imports from Mexico. While the exact goal and outcome is unknown businesses and lawmakers are already lining up to voice their opposition.   On January 26, a Trump Administration spokesman floated the idea of a 20 percent tariff on imports from Mexico due at the time of importation. In reality, existing trade laws afford President Trump the authority to impose tariffs on goods imported from a specific country…

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