1/ “What to Expect from #USMCA (or #NAFTA 1.01),” by Yujun Zhou, Kathy Baylis, Jonathan Coppess, and Qianting Xie goo.gl/P3x9du
2/ There are significant updates to #NAFTA in the automobile and #dairy industry, but other changes are relatively minor goo.gl/P3x9du
3/ There is also little evidence that it will significantly alter trade balances among the three countries goo.gl/P3x9du
4/ Although the @USTradeRep remains “very confident” in ultimately getting the votes needed to pass the #USMCA, it appears unlikely to happen in a lame duck session; passage will be up to the new Congress where the concerns on the steel and aluminum #tariff adds uncertainty
