USTR just dropped it's 2020 Trade Policy Agenda. It's 338 pages, and I am not going to read the whole thing today, but a quick note on what it says about USMCA is warranted. It outlines 3 principle objectives of the USMCA. A short thread: 1/11
"First, the USMCA rebalances the NAFTA to promote increased production in the United States and North
America and to ensure that non-parties do not gain unwarranted benefits through the agreement." /2
Aug 27, 2018 • 22 tweets • 4 min read
So the U.S. and Mexico agreed to some things today to update #NAFTA. I've looked through the documents posted on the USTR site, and here are some highlights:
#RoO, everyone's favorite subject. NAFTA RoO for autos require 62.5% North American content. This has been increased to 75%, which is a significant change. Previous rumors of a 70% content requirement are thus finally disproved.