JustTheNews: The White House has long touted the deal as a superior replacement for NAFTA.
The Trump administration’s USMCA deal goes into effect Wednesday – marking a quiet start for a major policy victory for the president that in recents months has been overshadowed by the recent social-justice protests and the months-long coronavirus pandemic that has slowed the U.S. economy.
The trade deal, officially titled the United States-Mexico-Canada Agreement, is President Trump’s response to the decades’ old deal among the three countries that he campaigned in 2016 on replacing.
The deal is a result of more than two years of negotiation between the respective leaders of the countries. The new deal will affect more than $1 trillion a year in trade between among them. read more