New Trade Agreement "USMCA" Takes Effect President Trump Signs Bill 6:26 on January 30
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President Trump of the United States signed a bill to enter into force a new agreement to replace the NAFTA-North American Free Trade Agreement between Canada and Mexico, saying, "It is a great victory for all workers and farmers across the United States." The appeal of the roasting election promise was realized.
President Trump of the United States signed the legislation on the 29th, signing a relevant bill necessary for a new agreement to replace NAFTA between Canada and Mexico.
The name of the new agreement is "USMCA" = "America-Mexico-Canada Agreement", and the free trade = free trade language included in NAFTA has been removed.
President Trump has been rethinking that he has been deprived of employment by NAFTA before taking office, and in November, three countries agreed on new draft agreements and proceeded with domestic procedures for entry into force.
President Trump invited workers to the signing ceremony, stating that "finally ending the NAFTA nightmare is a great victory for all workers and farmers across the United States," and promised a fulfilling election promise.
The new agreement is expected to come into force in the middle of the year, but the agreement includes a condition that zero tariffs on automobiles are to be produced at factories with hourly wages of $ 16 or more. Japanese manufacturers who have increased their bases in Mexico will have to rethink their strategies.