Revamped North American free trade agreement enters into force

A revamped trade agreement involving the United States, Canada and Mexico entered into force on Wednesday, setting a higher bar for tariff-free access to the North American market that could affect Japanese and other foreign automakers operating in the region.The United States-Mexico-Canada Agreement, or USMCA, is touted by U.S. President Donald Trump as a major victory in his drive to bring back manufacturing jobs to his country, which he believes shifted to Mexico and elsewhere as a result of the 26-year-old North American Free Trade Agreement.To qualify for zero auto tariffs, the USMCA r…READ FULL ARTICLE