Sec. Ross Touts Features of Nafta Successor Accord with Mexico, Canada

The USMCA deal is a significant trade agreement benefiting the US, Canada, and Mexico by addressing NAFTA's imperfections. It promises billions in manufacturing and farm sales, job creation, and economic growth. The deal includes new rules for domestic production and fair wages, enhancing trade fairness. It also impacts the trade deficit and has implications for China. The agreement's deadline is crucial due to Mexico's administrative changes.

What is one of the main reasons the USMCA is considered beneficial for the United States?

• It increases the import of foreign goods.

• It closes loopholes in NAFTA.

• It limits agricultural exports.

• It reduces domestic manufacturing.

How many auto jobs are expected to return due to the USMCA?

• 1,000,000

• 500,000

• 250,000

• 100,000

What change in trade rules is expected to benefit e-commerce companies?

• Higher de minimis thresholds

• Stricter import regulations

• Increased export taxes

• Lower tariffs on all imports

What is the expected impact of the USMCA on the trade deficit with Canada and Mexico?

• It will increase by billions.

• It will double.

• It will decrease by tens of billions.

• It will remain unchanged.

Why is the November 30 deadline significant for the USMCA agreement?

• It is a holiday in the United States.

• It is the start of a new trade season.

• It coincides with a change in Mexico's administration.

• It marks the end of the fiscal year.

What is one implication of the USMCA for China?

• Relaxed trade regulations

• Stricter rules of origin

• Increased export opportunities

• Higher import tariffs

How does the USMCA affect non-NAFTA regions like Asia and Europe?

• It imposes stricter trade barriers.

• It has no impact.

• It encourages more imports from these regions.

• It provides more trade opportunities.