The US, Mexico and Canada have agreed to a deal to replace the North American Free Trade Agreement (NAFTA), after 11th-hour talks between Ottawa and Washington resulted in a compromise and a new name for the trade pact.
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?
With trade talks between the US and Canada set to drag on into a new week, US President Donald Trump has tweeted that Ottawa need not be included in a new NAFTA trade deal. Lawmakers in Washington begged to differ.
Since helping shape the General Agreement on Trade and Tariffs (GATT) in 1948, the World Trade Organization's forerunner, the US has been at the forefront of trade liberalization. That era appears to be ending.
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