Trump's USMCA is not just biggest deal ever—it's an international game changer

The deal is an unequivocal win for America and will help Canada and Mexico over the long run

As a candidate, Donald Trump called NAFTA the “worst trade deal ever” and vowed its replacement. On Wednesday, he fulfilled that promise, signing the new USMCA trade pact covering North America.

The deal is Trump’s biggest yet—in fact the biggest in history. It covers $1.4 trillion in annual U.S. trade volume—nearly twice as much as the recent deal with China. And most important, it covers nearly four times as much in U.S. exports: some $663 billion in exported goods and services, which will grow as a result of the deal.

Trump’s achievement won overwhelming support from Republicans and Democrats in an otherwise divided Congress.

The deal is an unequivocal win for America and will help Canada and Mexico over the long run. It puts an end to unfair Canadian tariffs that amounted to nearly 300 percent in some cases, thus creating a level playing field for American farmers and ranchers.

It requires Mexico to increase wages for automotive and related manufacturing jobs which removes incentives for exporting U.S. jobs and sneaking around environmental standards.

By limiting the ability of foreigners to circumvent U.S. courts in resolving disputes, the pact restores fairness and the U.S. sovereignty that was lost under NAFTA.

For disputes between governments, it creates a resolution mechanism separate from the failed World Trade Organization.

USMCA also creates a new standard for protecting intellectual property and digital trade, which is likely to be included in other trade deals. That means fairness for high-growth industries in which America leads...



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