The Trump administration has decided not to renew the United States–Mexico–Canada Agreement (USMCA), setting the North American trade pact on a path toward
It’s up for yearly review now instead of a quick nod and business as usual for 16 years.
This does not favor the US economy in any way and might actually improve trade for Canada and Mexico, complicating customs for US consumers as many goods come in from Mexico and leave towards Canada. It’ll make it more expensive to import AND export goods, and might further weaken the global dollar. The only people that could benefit are smugglers and import/export businesses.
It’s up for yearly review now instead of a quick nod and business as usual for 16 years.
This does not favor the US economy in any way and might actually improve trade for Canada and Mexico, complicating customs for US consumers as many goods come in from Mexico and leave towards Canada. It’ll make it more expensive to import AND export goods, and might further weaken the global dollar. The only people that could benefit are smugglers and import/export businesses.
Whose idea was this? Art Vandalay?
Great reference at the end. I almost slammed on the brakes driving past a warehouse in the next county when I saw its signs for Vandalay Industries.