Trump’s NAFTA Replacement Needs to Have its Tires Kicked

President Trump would like to see the United States-Mexico-Canada Agreement ratified without delay. It’s a bit like a used car salesperson giving you 10 minutes to accept the deal of the century. You may want to look under the hood and test-drive the vehicle first.

USMCA is largely an updated and rebranded version of the North American Free Trade Agreement passed in 1993. That deal contributed to what the economist Joseph Stiglitz views as a defining national problem: “stagnant or declining wages at the bottom, an eviscerated middle class, and top wages that are soaring.”