Sec. Ross Touts Features of Nafta Successor Accord with Mexico, Canada

Sec. Ross Touts Features of Nafta Successor Accord with Mexico, Canada

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Business, Social Studies, Life Skills

University

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The USMCA deal is a significant trade agreement benefiting the US, Canada, and Mexico by addressing NAFTA's imperfections. It promises billions in manufacturing and farm sales, job creation, and economic growth. The deal includes new rules for domestic production and fair wages, enhancing trade fairness. It also impacts the trade deficit and has implications for China. The agreement's deadline is crucial due to Mexico's administrative changes.

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7 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What are the expected benefits of the new trade agreement for the United States?

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2.

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3 mins • 1 pt

How does the new agreement address the issues with NAFTA?

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3.

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3 mins • 1 pt

What specific agricultural products are mentioned as being positively impacted by the new agreement?

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4.

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3 mins • 1 pt

What is the significance of the 75% domestic requirement in the new US MCA?

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5.

OPEN ENDED QUESTION

3 mins • 1 pt

What challenges does the new agreement aim to resolve for businesses in Mexico?

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6.

OPEN ENDED QUESTION

3 mins • 1 pt

How many auto jobs are expected to be added as a result of the new agreement?

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7.

OPEN ENDED QUESTION

3 mins • 1 pt

What are the implications of the new trade agreement for the balance of trade deficit?

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