by Axios | 10.1.18
Countable asks: Do you support the changes to NAFTA? Any more you'd like to see added? Tell your reps, then share your thoughts below.
It's been about 16 hours since North America agreed on a rebranded NAFTA, and we're starting to get a sense of what's actually in the deal.
Why it matters: Rather than opening another front in a broader trade war, negotiators have secured modest changes that preserve the free trade status quo in North America.
What Trump is saying: “For 25 years as a civilian, as a businessman, I used to say: How could anybody sign a deal like NAFTA?"
Between the lines: "[USMCA] makes a series of changes to areas like intellectual property and the digital economy, including protections for patents and domain names," the N.Y. Times' Alan Rappeport reports.
Where each side wins:
The bottom line: If Congress signs off, NAFTA 2.0 allows Trump to enter the midterms with a major win on trade, without the pain of a trade war next door.
Written by Axios
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