- The need to involve Canada and the Mexican presidential transition mean a comprehensive deal won't be approved by Mexico until December at the earliest. That will almost certainly push U.S. approval into 2019, when a new Congress will have say in the matter.
- Details are starting to emerge: Proposals would require car companies to manufacture at least 75% of an automobile's value in North America, up from the current 62.5%, and would require a set proportion of auto components be made by workers earning at least $16 an hour.
- The U.S. also backed off from a "sunset" clause demand, while Mexico agreed to eliminate a settlement system for anti-dumping disputes. Payments for a border wall were not discussed in the agreement.
- Previously: Canada eager to seal trade deal (Aug. 28 2018)
- ETFs: EWW, FXC, EWC, MXF, MXE, CNDA, DBMX, EWCS, HEWW, QCAN, FCAN, HEWC, MEXX, BBCA, FLCA, FLMX
- Now read: The NAFTA Replacement Deal: Implications Are Clear As Mud
Original article