USMCA: NAFTA Rebooted, Not All That Different

The U.S.-Mexico-Canada Agreement (USMCA), essentially a reboot of the North American Free Trade Agreement (NAFTA), which has governed trade among the United States and its North American neighbors since 1994, is now in place. President Donald Trump signed the agreement in a ceremony marked by “great fanfare,” as one news outlet described it, on the South Lawn of the White House on Jan. 29, with about 400 guests, including farmers, corporate executives and workers, members of the Republican party, but not surprisingly, no representatives from the Democratic congressional contingent that supported its ratification.