U.S. President Donald Trump speaks during a press conference to discuss a revised U.S. trade agreement with Mexico and Canada in the Rose Garden of the White House on Oct. 1.
A truly North American free trade deal is back on the table. In the last minutes of Sept. 30, just before their midnight deadline, negotiators from Canada and the United States reached an agreement on a trilateral deal to replace NAFTA, the United States-Mexico-Canada Agreement (USMCA). The pact will spare Washington many of the challenges of moving ahead with a bilateral trade deal with Mexico while still enabling it to finalize a new agreement before Mexican President Enrique Pena Nieto leaves office. And though the deal looks a lot like the North American Free Trade Agreement — most of NAFTA's chapters, in fact, are unchanged in the USMCA — it addresses some of the United States' biggest concerns. A Big Come Up in Cars and Cows One notable change applies to the automotive sector.
