U.S., Canada reportedly conclude new NAFTA deal: Report
- 6 years ago
The U.S. and Canada have reportedly concluded a trade deal... that could potentially preserve the North American Free Trade Agreement or NAFTA... as a trilateral bloc with Mexico.
According to multiple U.S. media outlets including the Washington Post... the new deal is to include substantial changes to rules governing the auto industry.
Canada had insisted on formal protection from the national security tariffs the Trump administration had threatened to impose on imported steel and aluminum... that could be extended to Canadian-made automobiles.
The U.S. had insisted on more access to Canada's dairy market.
The nearly 25-year-old NAFTA deal governs more than one-trillion U.S. dollars in annual trade between the three countries.
According to multiple U.S. media outlets including the Washington Post... the new deal is to include substantial changes to rules governing the auto industry.
Canada had insisted on formal protection from the national security tariffs the Trump administration had threatened to impose on imported steel and aluminum... that could be extended to Canadian-made automobiles.
The U.S. had insisted on more access to Canada's dairy market.
The nearly 25-year-old NAFTA deal governs more than one-trillion U.S. dollars in annual trade between the three countries.