NOTEBOOK: One Good Read – U.S., Canada and Mexico just reached a sweeping new NAFTA deal. Here’s what’s in it.
SUZANNE BEHNKE Oct 1, 2018 | 7:58 pm
1 min read time
121 wordsEconomic Development, Government Policy and Law, The Insider NotebookForget NAFTA, remember USMCA. That’s the acronym for the new trade deal struck with Canada and Mexico on Sunday. It’s been a monthslong process to get to this point. If you want to know what the deal includes, try this Washington Post article. It hits the highlights for car makers, U.S. and Canada dairy, and more. Why care? Well, Canada and Mexico are the two biggest recipients of exports from the state. From the U.S. Trade Representative’s site: “The state’s largest market was Canada. Iowa exported $4.1 billion in goods to Canada in 2017, representing 30 percent of the state’s total goods exports. Canada was followed by Mexico ($2.3 billion), Japan ($1 billion), China ($587 million) and Germany ($471 million).”