This is an interesting take on the NAFTA replacement:
As China's Communist government sees it, the "neo-NAFTA" U.S.-Mexico-Canada Agreement is far more than a revised North American trade arrangement. It is an act of strategic warfare aimed at China.
Beijing has got this one right. The Trump administration's USMCA gives Washington a powerful economic and diplomatic tool for achieving the U.S. and its key allies' most vital long-range goal in the Indo-Pacific region: preventing the rise of a hegemonic regional power, in this case China. ...
USMCA automotive and dairy sector changes weren't insignificant but they didn't fundamentally alter the North American market. Since the deal maintains Mexican access to the U.S. and Canadian markets, Mexico's long-term international economic position could improve. The space is there for Mexico to competitively manufacture many products China makes. At some point, that cuts Chinese cash for weapons.
Mexico and Canada know China is anything but a friend, and the USMCA demonstrates that. Both nations will support U.S. demands that China respect intellectual property rights and pay royalties instead of committing intellectual property theft.
Let's hope the USMCA works so we don't need the USMC.
