The U.S. and Canada came to agreement Sunday night on revisions to The North American Free Trade Agreement that could protect the U.S. auto industry from job-killing tariffs for building vehicles in Mexico and Canada. The changes overall are incremental, and involves changes to autos, agriculture, intellectual property and other aspects of trade among the three countries. And it gets rid of tariffs that Trump was going to level on both countries. That is meant to either shift jobs out of Mexico where wages are lower, or pay Mexican worker more. The U.S. had already come to terms with Mexico on a new trade deal, with Canada being the hold out.

Source: Forbes October 01, 2018 15:18 UTC