- The United States and Canada have agreed to a deal replacing the North American Free Trade Agreement, according to a senior U.S. administration official.
- The new deal has been deemed the USMCA — the United States-Mexico-Canada Agreement — the official says.
- Canada, America’s second largest trading partner, was left out when the U.S. and Mexico reached a preliminary deal in late August to revamp NAFTA.
The 24-year-old NAFTA, which President Donald Trump railed against as a disaster, will be replaced by the USMCA — the United States-Mexico-Canada Agreement.
Trump tweeted his approval Monday morning for what he called a “wonderful” trilateral agreement.
In a joint statement, U.S. Trade Representative Robert Lighthizer and Canadian Foreign Affairs Minister Chrystia Freeland said the agreement “will strengthen the middle class, and create good, well-paying jobs and new opportunities for the nearly half billion people who call North America home.”