Sec. Ross Says New Canada Trade Deal Will 'Clear the Air'

The video discusses the impact of a new trade agreement on the US trade deficit with Mexico and Canada, estimating tens of billions of dollars in effect. The importance of finalizing the deal before Mexico's administration change is highlighted. The video also touches on the implications for China, noting that it's too early to engage in negotiations with them, and explains how the new rules of origin affect non-NAFTA regions.

What role does the incoming President Labrador play in the negotiations regarding the agreement?

How does uncertainty affect businesses, as mentioned in the text?