Trump is preparing to renegotiate the trade agreement for North America - Wall Street Journal:
The Wall Street Journal reported that former U.S. President Donald Trump is preparing, should he win the upcoming elections, to renegotiate the trade agreement for North America (USMCA), which links the United States with both Canada and Mexico.
🔹 Background:
The current agreement (USMCA) came into effect in 2020, replacing NAFTA (NAFTA).
During his first term, Trump heavily criticized NAFTA, considering it unfair to the United States, and pushed for the formulation of the new version.
🔹 Expected Goals of Trump:
Seeking additional gains for the American economy.
Imposing stricter conditions to protect local industries.
Reevaluating some provisions related to labor and energy.
🔹 Reactions:
This may create economic tension with Canada and Mexico.
American companies that benefit from the stability of the agreement may feel concerned about any changes.
