Another Promise Kept! #PromisesKept
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Starting in 2020, cars and trucks should have at least 30 percent of the work on the vehicle done by worker earning $16 an hour. That gradually moves up to 40 percent for cars by 2023.
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U.S. negotiators say they got a major victory by forcing Canada to eliminate the pricing scheme for what are known as “Class 7” dairy products.
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To qualify for zero tariffs, a car or truck must have 75 percent of its components manufactured in Canada, Mexico or the United States.
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Chapter 11 is eliminated entirely for Canada and mostly for Mexico, except for some key industries like energy and telecommunications.
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The new USMCA makes a number of significant upgrades to environmental and labor regulations, especially regarding Mexico.
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The new IP chapter is 63 pages and contains more stringent protections for patents and trademarks, including for biotech, financial services and even domain names.
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