Wednesday, October 8, 2025
  • Login
CEO North America
  • Home
  • News
    • Business
    • Entrepreneur
    • Industry
    • Innovation
    • Management & Leadership
  • CEO Interviews
  • Opinion
  • Technology
  • Environment
  • CEO Life
    • Art & Culture
    • Food
    • Health
    • Travel
No Result
View All Result
  • Home
  • News
    • Business
    • Entrepreneur
    • Industry
    • Innovation
    • Management & Leadership
  • CEO Interviews
  • Opinion
  • Technology
  • Environment
  • CEO Life
    • Art & Culture
    • Food
    • Health
    • Travel
No Result
View All Result
CEO North America
No Result
View All Result

CEO North America > Business > Management & Leadership > Deal reached on NAFTA

Deal reached on NAFTA

in Business, Management & Leadership
- Deal reached on NAFTA
Share on LinkedinShare on WhatsApp

“It’s not Nafta redone, it’s a brand-new deal,” President Trump said.

The United States, and Canada have agreed to a new trilateral agreement with Mexico to replace the North American Free Trade Agreement (NAFTA), a pact that governs more than $1.2 trillion worth of trade among the three nations.

The new deal won’t go into effect right away, it has to be ratified by Congress next year, and Donald Trump acknowledged the tough battle it could face, but the deal is finally done after more than a year of rough negotiations, and all three nations seem satisfied.

For starters, the 1994 deal will be known as the United States-Mexico-Canada Agreement, or USMCA, not NAFTA. Trump had suggested that he might call it the “USMC,” in honor of the U.S. Marine Corps, but USMCA seems to be the final call.

USMCA is set to open up some of Canada’s dairy market to US farmers. The issue was a big sticking point between the two negotiating teams, as Canada limited how much milk, cheese and other dairy products could come in from the United States, but now, Canada will set new quotas for the U.S., increasing market access for US dairy, poultry and eggs.

According to The Washington Post, the new deal is to have more cars and truck parts made in North America. Starting in 2020, to qualify for zero tariffs, a car or truck must have 75 percent of its components manufactured in Canada, Mexico or the United States, a substantial boost from the current 62.5 percent requirement.

Canadian Prime Minister Justin Trudeau insisted that he wanted to keep Chapter 19 in place, and that’s exactly what happened. Chapter 19 allows Canada, Mexico and the United States to challenge one another’s anti-dumping and countervailing duties in front of a panel of representatives from each country. This is generally a much easier process than trying to challenge a trade practice in a U.S. court.

In other outtakes from the new deal, Mexico and Canada get assurance Trump won’t pound them with auto tariffs, and his steel tariffs stay in place, for now, as the two countries are still discussing lifting those tariffs, but a senior White House official has said that this process is on a “completely separate track.”

The USMCA, which will be reviewed every 6 years, also made significant upgrades to environmental and labor regulations, especially regarding Mexico, its going to give investors a special way to fight government decisions, and U.S. drug companies will now be able to sell pharmaceuticals in Canada for 10 years before facing generic competition.

In other key matters, Chapter 11 is eliminated entirely for Canada and mostly for Mexico, except for some key industries such as energy and telecommunications. Chapter 11 gave companies and investors a special process to resolve disputes with one of the governments in NAFTA. According to The Washington Post, critics argue that Chapter 11 was mainly used as a way for big corporations to get taxpayer money, but businesses say it was necessary to ensure they weren’t harmed by sudden changes when new governments came into power in Mexico, Canada or the United States.

https://www.facebook.com/WhiteHouse/videos/698830853831332/
Tags: Chief Executive OfficerDonald TrumpJustin TrudeauNAFTAUSMCA

Related Posts

Figure Technologies set to increase IPO
Business

Figure Technologies set to increase IPO

Yum! Brands announces key leadership appointments under new CEO
Business

Yum! Brands announces key leadership appointments under new CEO

Nebius announces $19.4 billion agreement with Microsoft
Business

Nebius announces $19.4 billion agreement with Microsoft

Dick’s Sporting Goods completes $2.4 billion Foot Locker acquisition
Business

Dick’s Sporting Goods completes $2.4 billion Foot Locker acquisition

Lululemon stock falls after holiday guidance
Business

Lululemon reduces earnings forecast, expects $240 million tariff impact

Judgement day for Musk
Business

Tesla requests investor approval for nearly $1 trillion in pay package

The wage lifecycle is more complex than you think.
Management & Leadership

The wage lifecycle is more complex than you think.

Goldman Sachs reports 22% jump in profits
Business

Goldman to purchase $1 billion worth of T. Rowe stock

American Eagle celebrates payoff from controversial marketing campaign
Business

American Eagle celebrates payoff from controversial marketing campaign

Small businesses are facing big shifts. Here’s a roadmap to adapt
Business

Small businesses are facing big shifts. Here’s a roadmap to adapt

No Result
View All Result

Recent Posts

  • Nicole A. Kivisto, President and CEO of MDU Resources, sits down with CEO North America Magazine to share the company’s CORE strategy
  • AMD and OpenAI announce strategic partnership
  • China tipped to grow by 4.8% despite tariff pressures
  • Trilogy Metals shares explode 200% following Trump announcement
  • Business Ethics in Finance: Lessons From the Wells Fargo Scandal

Archives

Categories

  • Art & Culture
  • Business
  • CEO Interviews
  • CEO Life
  • Editor´s Choice
  • Entrepreneur
  • Environment
  • Food
  • Health
  • Highlights
  • Industry
  • Innovation
  • Issues
  • Management & Leadership
  • News
  • Opinion
  • PrimeZone
  • Printed Version
  • Technology
  • Travel
  • Uncategorized

Meta

  • Log in
  • Entries feed
  • Comments feed
  • WordPress.org

  • CONTACT
  • GENERAL ENQUIRIES
  • ADVERTISING
  • MEDIA KIT
  • DIRECTORY
  • TERMS AND CONDITIONS

Advertising –
advertising@ceo-na.com

110 Wall St.,
3rd Floor
New York, NY.
10005
USA
+1 212 432 5800

Avenida Chapultepec 480,
Floor 11
Mexico City
06700
MEXICO

  • News
  • CEO Interviews
  • Opinion
  • Technology
  • Environment
  • CEO Life

  • CONTACT
  • GENERAL ENQUIRIES
  • ADVERTISING
  • MEDIA KIT
  • DIRECTORY
  • TERMS AND CONDITIONS

Advertising –
advertising@ceo-na.com

110 Wall St.,
3rd Floor
New York, NY.
10005
USA
+1 212 432 5800

Avenida Chapultepec 480,
Floor 11
Mexico City
06700
MEXICO

CEO North America © 2024 - Sitemap

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • News
    • Business
    • Entrepreneur
    • Industry
    • Innovation
    • Management & Leadership
  • CEO Interviews
  • Opinion
  • Technology
  • Environment
  • CEO Life
    • Art & Culture
    • Food
    • Health
    • Travel

© 2025 JNews - Premium WordPress news & magazine theme by Jegtheme.