NAFTA2.0,... Ahem, USMCA?

So, we have a deal. But what's in it? Is the North American sky about to fall as I argued in my last post? Has the North American Idea been thrown overboard by Donald Trump, once and for all? Is the new NAFTA2.0 a retrograde descent into economic nationalism?

Name will take getting used to

Here are a few quick (possibly inaccurate) thoughts on some of the provisions of what's officially being called the United States Mexico Canada Agreement.

What's in a Name?

The first thing to change is the name of the Agreement. Trump thinks the NAFTA label came with too many negative associations. Indeed, NAFTA1.0 has been a political football from the start. The irony of Trump's complaints about the NAFTA name is that he contributed mightily in a very short time to creating those negative associations; worst agreement ever negotiated, our negotiators were really stupid, the world is ripping us off...

I don't think USMCA is going to stick, except among public officials who are compelled to use the name. Moreover, I am a little worried that if things go sideways at any point, this particular acronym will be framed as "United States Made Canada do it."