We Revisit Practical Advice for NAFTA and how it applies to USMCA It’s been a few months since USMCA officially became the new free trade agreement between the U.S., Canada, and Mexico. While we have seen a good number of companies jumping right in and adopting the new agreement, there may still be some out…
You may already know that NAFTA is on it’s way out and will be replaced by USMCA. We have had some sessions and conversations over the past few weeks and would like to share a few Fun (or not so Fun) Facts that we have complied based on questions from our clients or those looking…
The North American Free Trade Agreement (NAFTA) finally got a major overhaul, something campaigned on by President Trump and negotiated in Congress for the past three years. There are a number of significant changes about which American businesses need to be aware. Below we’ll discuss 5 key differences between USMCA and NAFTA.[/vc_column_text][vc_column_text]When NAFTA came into force on January 1, 1994, it was seen as a way to foster economic growth across…
NAFTA made your car cheaper, USMCA could change that.When the North American Free Trade Agreement began in 1994, auto companies in the US, Canada and Mexico could trade parts and cars without paying tariffs. And they could source parts and labor from the cheapest places. That is a big reason why US car prices have only risen seven percent in 25 years. But the proposed US Mexico Canada Agreement — or USMCA for short — could change that; President Trump’s new deal would increase the regulations that car manufacturers need to meet in order to sell tariff-free cars. We built a Ford Mustang to explain.
Washington, DC – An economic study by a leading research firm concludes that U.S. Foreign-Trade Zones (FTZs) have a positive impact on employment growth, wage growth, and value-added growth in American communities. Compared to similar communities without FTZs. The study, “The U.S. Foreign-Trade Zones Program: Economic Benefits to American Communities,” was conducted by the Trade…
