Lutnick Says Trump Will Renegotiate Trade Pact With Canada, Mexico Next Year Authored by Aldgra Fredly via The Epoch Times, Secretary of Commerce Howard Lutnick said on Sunday that President Donald Trump will renegotiate the United States-Mexico-Canada Agreement (USMCA) when the trade pact is due for review next year. The USMCA, enacted during President Donald Trump’s first term in July 2020, replaced the North American Free Trade Agreement. The agreement requires that 75 percent of automobile components be made in the United States, Mexico, or Canada for a vehicle to qualify for tariff-free treatment. The trade agreement also mandates that… — Continue at ZeroHedge News : Read More
