The United States and Canada forged a last-gasp deal on Sunday to salvage NAFTA as a trilateral pact with Mexico, rescuing a three-country, $1.2 trillion open-trade zone that had been about to collapse after nearly a quarter century. Canada, US reach deal to save NAFTA as trilateral trade pactIn a joint statement, the two nations said the new United States-Mexico-Canada Agreement (USMCA) would "result in freer markets, fairer trade and robust economic growth in our region". Trump has approved the deal with Canada, a source familiar with the decision said. The Trump administration had threatened to proceed with a Mexico-only trade pact as US talks with Canada foundered. "I look forward to reviewing this deal to confirm it meets the high standards of Trade Promotion Authority," he said in a statement.

Source: Irish Independent October 01, 2018 06:00 UTC