U.S., Canada reach NAFTA replacement deal

U.S., Canada reach NAFTA replacement deal

The agreement - titled the U.S. Mexico Canada Agreement (USMCA) - replaces the free trade agreement signed in 1993.

Subscribe
October 1, 2018
NPR
Business

The U.S. and Canada reached a deal to replace the North American Free Trade Agreement, signed a quarter-century ago, with a new pact that the Trump administration says is easier to enforce.

Ahead of the midnight deadline set by the White House, President Trump approved changes that essentially revamp the 1993 NAFTA deal, bringing Canada on board after Mexico had already agreed in August.

In addition, the two countries agreed to shield Canada from automobile tariffs imposed by the U.S.

The agreement, called the U.S. Mexico Canada Agreement, or USMCA, includes a quota on automobile shipments to the U.S. and a greater level of access to Canada's dairy market. Steel and aluminum tariffs would remain in place, subject to future negotiation.

Continue reading at NPR

Update - Oct. 1, 4:15 p.m.

United Fresh issued the following statement, attributed to President & CEO Tom Stenzel, on the deal: 

“United Fresh is encouraged by the news that a revised tri-lateral agreement has been reached between the United States, Mexico and Canada. The strong relationships our members have established between these three countries have helped enable the growth of the fresh produce industry over the last quarter century. Coming on the heels of United Fresh’s annual Washington Conference and the inaugural Global Trade Forum in which this issue was front, and center and where attendees heard directly from key U.S. negotiators, the announcement of this revised agreement highlights the importance of our continued engagement on key policy issues by those in the produce industry. United Fresh looks forward to working with Congress to achieve the swift approval of this new agreement.”