3 Winners and 3 Losers From Today’s North America Trade Deal Announcement
It also makes the next trade deal easier. “The best argument for the agreement remains that its failure will further erode U.S. credibility as a trading partner,” says Clark Packard, trade counsel for the R Street Institute, a free market think tank. “If USMCA fails, that would make two agreements in a row that failed to be passed by Congress [after the TPP]. Why would other countries want to engage in trade talks with a party who has proven itself incapable of passing agreements that are negotiated?”
