Labor unions win, drug companies lose in new trade deal

  • 📰 politico
  • ⏱ Reading Time:
  • 27 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 59%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

The big winners and losers from the Trump administration’s deal with Democrats on its NAFTA replacement, the U.S.-Mexico-Canada Agreement, are not necessarily the traditional ones

.

U.S. dairy and poultry producers — who were left out of the original agreement because of Canada’s protection of those sectors — have gained some small additional access north of the border. There were other small tweaks: Canada won’t be able to put up barriers to trade for alcoholic beverages — a big gain for regions like California's wine country.Auto companies with factories in Canada and Mexico will have to meet more rigorous rules if they want to avoid paying tariffs on cars and trucks entering the United States.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Pharmaceutical companies, which usually see gains from trade deals, got their big promise ripped out of the final agreement. But it gives labor groups the first trade deal it could support in nearly two decades because of strong enforcement of labor rules

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 381. in İE

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

These companies have low labor costs that can turn into a stock payday for youInvestors should focus on 'stocks with low labor costs, which are relatively insulated from wage pressures.'
Source: MarketWatch - 🏆 3. / 97 Read more »