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USMCA Explained — The Rules That Govern North American Trade
The United States-Mexico-Canada Agreement (USMCA) replaced NAFTA in 2020, establishing modernized trade rules across North America with stricter regional content mandates and enforceable labor standards. By raising automotive rules of origin to 75% and introducing wage requirements, USMCA restructured regional supply chains while opening digital trade and agricultural markets. This comprehensive guide details the key provisions, dispute mechanisms, and economic impacts on businesses, workers, and consumer prices.
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