USMCA: The 'historic' deal that Trump says replaces NAFTA

Trump said USMCA is "the most important trade deal we've ever made by far."

(Photo by Chip Somodevilla/Getty Images)
  • The new agreement is between Canada, Mexico and the U.S.
  • It's more of an updated version of NAFTA than a new agreement.
  • The deal includes changes to trade terms and policies in sectors like dairy, auto manufacturing and intellectual property rights.
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A Columbia Professor Grades Trump’s Economic Policy

Jeffrey Sachs, from the Rust Belt himself, shares his thoughts on Trump's economic plans and shares some red flags to watch for as new policy proposals surface.

The Rust Belt was promised a lot this election – will those promises, which are now transitioning into policies, be made good? Economist and UN advisor Jeffrey Sachs is a Rust Belt native himself, and believes it’s in the hands of people in that area to take an informed look at the economic proposals of the Trump administration – will these proposals benefit the average person, or is there misdirection and populist scapegoating at play that will only serve to make the rich richer? Sachs provides some red markers to watch for when listening to policy proposals, and offers a question to keep in mind: "Who is going to pay for that tax break?" It may not be the answer the people of the Rust Belt signed up for. Jeffrey Sachs's most recent book is Building the New American Economy: Smart, Fair, and Sustainable.

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