All of the following are true about how the European Union differs from USMCA except

the European Union has a common currency and USMCA does not
the European Union has social goals, while USMCA does not
the European Union has political goals, while USMCA does not
the European Union has tariffs, while USMCA does not

The correct option is D. The European Union differs from USMCA except the European Union has tariffs, while USMCA does not. The majority of agricultural items exchanged between the three nations were free of tariffs under the original NAFTA. For US farmers and ranchers, Canada and Mexico are already their two top export destinations. While further allowing US dairy, poultry, and eggs access to the Canadian market, the USMCA will maintain those tariffs at zero.

How is the European Union similar to USMCA?

NAFTA and the European Union have both parallels and contrasts. The key connection between both accords is that they both entail a single strategy for trade between the nations. The majority of the European Union now uses a single currency, which is how the agreements differ from one another.

The scope of each organization is the main distinction between the European Union and the North American Free Trade Agreement. While the EU has evolved into a political, social, and territorial union between 28 countries, NAFTA continues to be a simple economic arrangement between the three nations.

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