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What makes the dollar strong?

Aug 23, 2019

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USMCA hurdles not all to do with U.S. politics

Tracey Samuelson Apr 25, 2019
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The Mexican, US and the Canadian flags sit in the lobby where the third round of the NAFTA renegotiations are taking place in Ottawa, Ontario, September 24, 2017.
LARS HAGBERG/AFP/Getty Images

Mexico needs to pass promised labor reforms to boost the independence of its unions. Its lower house has already passed a bill that its Senate is expected to take up shortly. But passing these reforms likely won’t not be enough to convince Democrats and U.S. labor unions to support the U.S.-Mexico-Canada Agreement on trade. They say they want to see how the new law takes effect. So the timeline for the USMCA deal in the U.S. could be slow.

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