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Bloomberg: Eric Farnsworth on the New USMCA Trade Deal

Tuesday, October 2, 2018

On September 30, the governments of Canada, Mexico, and the United States announced a new trilateral pact that will replace the 24-year-old North American Free Trade Agreement. The new USMCA deal will still need congressional approval from all three countries, but the inclusion of Canada in the agreement is a victory in and of itself. "There is bipartisan agreement in Congress and also an agreement between the business community and labor that without Canada there was not going to be a whole lot there," said AS/COA Vice President Eric Farnsworth.