What are the differences between NAFTA and the USMCA?
Lori Wallach:
These trade agreements that are done this week aren't going to be a big change for consumers.
In the long run, if the revised NAFTA works, given the rewrites, if the Democrats make Trump add new labor standards, hopefully, wages will increase in Mexico, and that will basically slow the outsourcing of jobs from the U.S.
But it's not going to bring back hundreds of thousands of jobs, the way the president has claimed. Nothing makes that clearer than the fact that a lot of the U.S. auto companies have announced relocating production to Mexico since the agreement was done.
So the upside is that, basically, there could be less outsourcing, there will be less corporate attacks on environmental and labor laws. That's a big improvement. But it's a long-term proposition to seek it get enforced.
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