Opposition party announces support for new trade agreement to replace North American Free Agreement December 11 5:50
The US opposition / democratic party, who had not agreed to the contents of the new trade agreement to replace the NAFTA = North American Free Trade Agreement, expressed its support, and President Trump's policy of declining agenda has advanced.
The USMCA = "America-Mexico-Canada Agreement" was a new agreement signed between the three countries in November last year after reviewing NAFTA, which criticized President Trump for taking away domestic employment.
Due to the conflict between the ruling and republican parties in the United States and the opposition and democratic parties, which hold a majority in the House of Representatives, the procedure for the entry into force has been stagnant for a long time. , Expressed support.
In response, the three countries will sign the agreement, and the US Parliament is expected to pass the relevant bills that will become effective within the year.
President Trump posted on Twitter on the 10th, “What's important is to end NAFTA, which was the worst deal,” and welcomed the progress of the policy that was promised in the election three years ago.
However, when the new agreement comes into effect, it will be necessary to increase local procurement of parts in order to eliminate automobile tariffs among the three countries. Many manufacturers, including those, are likely to be forced to review the system.