JOURNAL ARTICLE
Trump's renegotiation of the NAFTA free trade deal is helping workers—in Mexico.
Published In: Fortune.com, 2023. P. N.PAG 1 of 3
Database: Business Source Ultimate 2 of 3
Authored By: Wiseman, Paul; Stevenson, Mark; Krisher, Tom 3 of 3
Abstract
The article focuses on the impact of the U.S.-Mexico-Canada Agreement (USMCA), which replaced the North American Free Trade Agreement (NAFTA) under President Donald Trump's administration. While the USMCA was touted as a significant improvement for American workers, its overall economic benefits have been limited, with the trade deficit with Mexico increasing and only modest gains in U.S. auto parts exports. However, the agreement has positively affected Mexican workers by enhancing their ability to form unions and secure better wages, with the U.S. utilizing a "Rapid Response Labor Mechanism" to enforce labor reforms in Mexico. Despite some successes, challenges remain in fully realizing the intended benefits of the USMCA for workers on both sides of the border. [Extracted from the article]
Additional Information
- Source:Fortune.com. 2023/06, pN.PAG
- Document Type:Article
- Subject Area:Business and Management
- Publication Date:2023
- Accession Number:164667389
- Copyright Statement:Copyright of Fortune.com is the property of Fortune Media (USA) Corporation and its content may not be copied or emailed to multiple sites without the copyright holder's express written permission. Additionally, content may not be used with any artificial intelligence tools or machine learning technologies. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)
Looking to go deeper into this topic? Look for more articles on EBSCOhost.