Breakthrough medicines take an average of 10 to 15 years of research and development—and $2.6 billion—before reaching market.
Stronger enforcement of labour provisions will likely increase manufacturing costs in Mexico.
The president slapped tariffs on Canadian steel and aluminum exports during USMCA negotiations.
Besides reducing their trade and investment linkages, foreign businesses may also reduce their reliance on the U.S. dollar.
Protections for domestic producers of transportation, broadcasting and commercial banking remain essentially untouched.
The Democratic takeover of the House likely won’t affect U.S. tariffs on Canadian steel and aluminum exports.
This is clearly an “America First” agreement.
The new deal reportedly jettisons environmental obligations that were part of the last four U.S. trade deals.