NAFTA Versus USMCA: Taxes, Tariffs, And Trade In North America

Source: Forbes, 01/22/2020

Concept of USMCA or the new NAFTA United States Mexico Canada ag

In this episode of Tax Notes Talk, Tax Notes contributing editor Robert Goulder discusses the decades-old North American Free Trade Agreement, the new U.S.-Mexico-Canada Agreement (USMCA), and what these agreements mean for the future of taxes, tariffs, and trade in North America.

Robert Goulder commented on the differences of the NAFTA and USMCA.

“They look a lot more like conventional legislation than they do a full-on treaty. The Senate Foreign Relations Committee, for example, is not going to have primary domain over this. It’s going to be the Senate Finance Committee. So, it looks like a treaty, and it feels like a treaty. But procedurally, it’s going to resemble just basic legislation.” Read more.

To learn more about the USMCA deal, visit the Mexico Institute’s NAFTA and USMCA Resource Page. 

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