Usmca Agreement Timeline

The negotiations “mainly focused on car exports, tariffs on steel and aluminum, as well as the milk, egg and poultry markets.” One provision “prevents any party from legislating that restricts the cross-border flow of data.” [11] Compared to NAFTA, the USMCA raises environmental and labor standards and encourages increased domestic production of cars and trucks. [12] The agreement also provides updated intellectual property protection, gives the U.S. increased access to the Canadian dairy market, imposes a quota for Canadian and Mexican auto production, and increases the exemption limit for Canadians who purchase U.S. goods online from $20 to $150. [13] The full list of differences between the USMCA and NAFTA can be found on the USTR (United States Trade Representative) website. .