New NAFTA?

(repost from 10/1/2018)
Good Morning,

It looks like we have a new NAFTA deal (now called the United States Mexico Canada Agreement) ahead of the October 1st deadline. The CNN article below highlighted a couple of points:

1. Canada will open up its dairy market to the US which is similar to what it has done with the European Union and others

2. The auto manufacturing portion impacts Mexico the most

From the initial news and information about the deal, not much has changed, but it does open the door for more changes. Canada kept an essential dispute resolution in the document and received assurances that new tariffs on automobiles won't impact their country. What has not been mentioned is Mexico made a bulk of the concessions on the automobile industry which might end up increasing the cost of cars

.

#financialliteracy #nafta #usmca #economics #dairy #automibiles #unitedstates #mexico #canada #cnn #tariffs #tradewar #financialfloyd #phillyfinance

https://www.cnn.com/2018/09/30/politics/trump-nafta-canada/index.html

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