Canada joins US, Mexico in new trade agreement – Thyssenkrupp to split into two companies
With the clock ticking, the US and Canada have reached a new trilateral trade deal with Mexico. Called USMCA, the pact will create a revamped NAFTA with key sections focusing on auto imports and Canada's dairy market.
A new North American trade agreement has been struck between the US, Canada and Mexico following tense negotiations. But is this a victory for US President Donald Trump or is the picture a little more nuanced?
As the US and Mexico unveil a reworked trade agreement, the old one's third leg, Canada, said its signature is needed and it may not sign it. But what have the US and Mexico agreed and how much leverage does Ottawa have?
Key figures in US President Donald Trump's own party have expressed their concern over his plan to introduce steel and aluminum import tariffs, and called for them to be scrapped. Trump said he would "stick to his guns."
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