- 2/8/2025 7:08:21 PM
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Former President Donald Trump is once again making headlines with a daring commitment to revive American manufacturing and create jobs. His latest plan involves reimagining a trade agreement with Mexico and Canada, but this time he’s not just looking to replace the North American Free Trade Agreement (NAFTA); he’s aiming to enhance the US-Mexico-Canada Agreement (USMCA) he championed in 2018.
Trump has often criticized NAFTA, labeling it “the worst trade deal ever made.” However, his focus has now shifted to the USMCA, which officially took effect in January 2020, as a framework that can still be improved.
“Upon taking office, I will formally notify Mexico and Canada of my intention to invoke the six-year renegotiation provision of the USMCA that I put in,” Trump declared during a recent speech at the Detroit Economic Club. The USMCA includes a clause that allows for a review every six years, a feature Trump intends to utilize.
During an interview with Fox News, Trump emphasized that his goal is not to undermine the existing agreement but to enhance it. “I want to make it a much better deal. I want to take advantage of the car industry,” he stated, indicating a specific focus on automotive manufacturing.
Interestingly, Vice President Kamala Harris has also expressed a desire to revisit the USMCA. As a former U.S. senator, she voted against the agreement, citing concerns over its ability to protect American workers and its environmental provisions.
The USMCA was designed to modernize the outdated NAFTA framework and includes several significant updates:
With both Trump and Harris indicating a willingness to reevaluate the USMCA, the future of this trade agreement could significantly reshape American manufacturing and labor landscapes.
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