Ex-Trade Rep. Hills Says Canada Is Essential to USMCA

The video discusses the winners and losers of a trade agreement, emphasizing the importance of keeping Canada in the agreement to maintain economic integration. It highlights improvements and additions from the Trans Pacific Partnership, while expressing satisfaction with the overall agreement despite some complex rules. The video also covers economic openings, such as Canada's dairy market, and the decision not to use national security measures on autos. However, tariffs on steel and aluminum remain unresolved, raising questions about national security justifications.

Why is it considered beneficial to keep Canada in the North American trade agreement?

• Due to the synchronized supply chains between the countries

• Because Canada has a larger economy than the US

• To prevent Canada from joining another trade bloc

• Because Canada is a major military ally

What was one of the sources for the additions to the new trade agreement?

• The Trans Pacific Partnership

• The African Continental Free Trade Area

• The European Union Agreement

• The Asian Free Trade Agreement

What is a concern mentioned about the new trade agreement?

• The complexity of rules of origin

• The absence of a dispute resolution mechanism

• The lack of environmental regulations

• The exclusion of Mexico

What issue remains unresolved in the trade agreement?

• Tariffs on textiles

• Tariffs on electronics

• Tariffs on steel and aluminum

• Tariffs on dairy products

Why is the use of national security measures against Canada questioned?

• Because Canada has been a close ally since World War Two

• Because Canada has a weak military

• Because Canada is part of the European Union

• Because Canada is not a major trading partner