Focus Merit

USMCA North American trade deal inked by President Donald Trump

US President Donald Trump has signed the new United States–Mexico–Canada Agreement (USMCA) North American trade pact with Canada and Mexico into law. The new deal makes changes to trading rules among the three countries. Among them are higher thresholds for how much of an automobile must be made in North America in order to trade vehicles duty-free; greater access to Canada’s dairy market; and easier unionization for Mexican workers.