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Explain about the international trade policy that took effect on July 1, 2020, in the United States and its two neighboring countries. Please use specific

Explain about the international trade policy that took effect on July 1, 2020, in the United States and its two neighboring countries.

Please use specific examples in your discussion post, such as trade restrictions, tariffs, and labor wage, etc. to answer the following questions:

  1. When the United States and its two neighboring countries reached international trade agreement for the new NAFTA, i.e., USMCA, they made many changes to the old NAFTA. Please discuss two specific changes in the new NAFTA* or USMCA**.
  2. Select one change that brings advantage to you, your family, and/or friends? Please provide specific examples from your own experiences.
  3. Select one change that brings disadvantage to you, your family, and/or friends? Please provide specific examples from your own experiences.

*NAFTA stands for North American Free Trade Agreement.

**USMCA stands for United States-Mexico-Canada Agreement.

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