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U.S. Drops NAFTA Extension Plans | US News
The U.S. is pulling the plug on extending the North American trade pact, igniting a ten-year countdown and sparking fierce negotiations. At stake: forcing more U.S. content in cars, blocking Chinese goods from the deal, and possibly slapping global tariffs—with Mexico in talks and Canada sidelined. While the pact was once celebrated, mounting trade deficits and shifting supply chains have fueled demands for overhaul. The U.S. wants stricter rules, Mexico agrees on the pain points, but Canada’s own trade woes complicate things. Expect big changes—or a breakdown—in how North America trades…
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