New NAFTA takes effect July 1, businesses need more time

The new NAFTA deal will take effect on July 1, according to Politico. However, some businesses are opposed to the date as they will need time to make the necessary changes to abide by the trade deal. “Given the pandemic’s really unprecedented economic disruption, companies will need time to adapt to the new regulations, some of which have yet to be issued,” said John Murphy, Senior Vice President for International Policy at the U.S. Chamber of Commerce. (Source: Politico) Read the original article…

About Todd Phillips

Todd Phillips is the editorial director of Universus Media Group Inc. and the editor of Canadian auto dealer magazine. Todd can be reached at tphillips@universusmedia.com.

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