Problem
a) What concessions did Mexico and Canada need to offer to reach an agreement with the United States to replace Nafta?
b) What challenges exist for the USMCA to be ratified and go into effect?
c) Should Mexico and Canada have offered the concessions that they did to renegotiate Nafta? Explain your position.
d) The U.S. goal of increasing local content requirement percentages and adding a requirement that a certain amount of content has to be performed by high-cost labor in the automotive industry in USMCA is to bring automotive jobs back to the United States. Do you think these requirements will achieve this goal? Explain your point of view.