U.S. Trade Representative Robert Lighthizer has notified the Senate Finance Committee and House Ways & Means Committee that the U.S.-Mexico-Canada Agreement (USMCA) will go into effect June 1.
That comes after Canada’s parliament finally approved the deal Friday.
That sets a tight timeline for regulatory and/or law changes that each country has to make relative to USMCA and then notify each other via an exchange of letters. Indications are actions to start assessing the needed changes have been ongoing since the U.S. ratification of the deal took place and that likely means the timeline could be achievable.
Still it will represent a relatively quick turnaround.
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