The US Mexico Canada Trade Agreement (USMCA) replaced NAFTA as of July 1, 2020. Based upon the key provisions of this agreement, how might our company maximize shareholder value by changing its operations? In a memo to the CEO, discuss the key provisions of USMCA relating to our appliance business, as well as the relative advantages and disadvantages of changing our business to benefit from the terms of USMCA. Should we continue to manufacture our products in Taiwan, or should we move production to the US, Canada, or Mexico? Be sure to provide citations for your USMCA research.

Our company makes small household appliances (coffee makers, toasters, blenders, etc.) in Taiwan and sells them in the United States. Some of the components for the appliances are imported to Taiwan from other countries. They are shipped by air and sea to customers all over the globe.