USMCA Prospects Expecting to at least take control of the U.S. House in next month’s midterm elections, Democrats are signaling that passage of the new U.S.-Mexico-Canada Agreement (USMCA) is not going to be a slam dunk under their majority. They are saying that the bar is going to be “quite high.” However, it is unclear what is meant by the posturing. Some of the most notable changes in the USMCA from NAFTA are things that Democrats and labor unions have been clamoring for over the years. There are increased labor and environment standards for Mexico. The domestic content requirement for North American automobiles is moved up to 75 percent, and the ability of corporations to slip around regulatory loopholes is partially...