Will Trump Throw Out the Joint Trade Deal with Mexico and Canada? [Yahoo! Finance]
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Source: Yahoo! Finance
to forge separate deals with the two countries. “We could renegotiate it, and that would be good, or we could do different deals,” President Trump said last October during a meeting with Canadian Prime Minister Mark Carney. A mandatory review of USMCA is due next summer. Separate deals would allow tailored per-sector deals on everything from autos to agriculture, responding to Canadian barriers to US farm products or Chinese goods (including automobiles) potentially entering the US via Mexico. These kinds of negotiations are a favorite Trump tactic, as outlined in The Art of the Deal What are the implications of this for cars made or part-assembled in Mexico or Canada? Although the tariffs are being imposed presumably to help the domestic auto industry, which has been struggling, the results aren't always positive from the automakers' viewpoint. Separate deals could mean more complexity and uncertainty for OEMs in negotiating with suppliers, higher parts and raw material costs, an
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