“We will enter October with a trilateral North American trade deal,” said Dan Ujczo, a trade lawyer with Dickinson Wright. [U.S., Canada and Mexico just reached a sweeping new NAFTA deal. He has refreshed existing trade deals with South Korea and, now, his North American neighbors, and threatened China with new trade barriers and investment limits unless it abandons its state-backed economic model. The new deal preserves a regional economic unit that enables North American manufacturers, particularly in the auto industry, to compete against global rivals. The president last week said he would no longer use the NAFTA name, instead christening the new deal “the U.S.-Mexico-Canada agreement,” or USMCA.

Source: Washington Post October 01, 2018 01:05 UTC