How Did President Trump's U.S.-Mexico-Canada Trade Deal Come To Be?

The video discusses the North American Free Trade Agreement (NAFTA), its implementation, and criticisms, particularly from President Trump, who blamed it for job losses. In 2017, renegotiation talks began, leading to trade tensions. By 2018, a new deal, the USMCA, was announced to replace NAFTA. However, legislative challenges delayed its ratification, with concerns over labor and environmental standards. The deal was eventually passed in the House and Senate, pending ratification by all three countries.

What was one of the main criticisms President Trump had about NAFTA?

• It restricted trade with Europe.

• It was too beneficial for the US.

• It caused job losses in the US.

• It increased trade taxes.

What event in 2017 marked the beginning of NAFTA renegotiation talks?

• The US imposed tariffs on Canadian and Mexican steel.

• The US increased trade taxes on Europe.

• The US withdrew from NAFTA.

• Canada and Mexico signed a new trade deal.

What was a major sticking point in the NAFTA renegotiation talks?

• The percentage of car parts sourced from North America.

• The inclusion of European countries in the agreement.

• The reduction of trade taxes with Asia.

• The elimination of tariffs on agricultural products.

What was the new trade agreement called that replaced NAFTA?

• USMCA

• US-Canada-Mexico Trade Pact

• North American Trade Agreement

• Transatlantic Trade and Investment Partnership

What were the concerns of House Democrats regarding the USMCA?

• The agreement's impact on European trade.

• The enforcement of labor and environmental standards.

• The exclusion of Mexico from the deal.

• The increase in trade taxes with Canada.