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8 key points in new NAFTA deal

October 1, 2018 --

By Jim Miller,

Eight key provisions of the new NAFTA agreement announced this weekend, now called the ‘United States-Mexico-Canada Agreement,” or “U.S.M.C.A.,” as noted by the Wall Street Journal analysis:

1. Mexico-Canada vehicle imports:

“Vehicles would need 75% North American content, compared with 62.5% currently. The shift is a win for labor unions and auto workers but a headache for global suppliers to the auto industry.”…two-fifths of a vehicle that is eligible for duty-free trade in North America to originate from workers earning at least $16 an hour. Think of it as a cap on the amount of parts coming from low-wage Mexico….credit for high-wage research and development.”

2. Sixteen year time limit, six year review

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