The Trump administration said Monday said it had reached a new, 16-year trade deal with Mexico, setting in motion a rapid chain of events that could redraw the world’s largest trade agreement. Trump has long told top advisers that once he was able to cut a single trade deal with another country, it would lead to a flurry of agreements. Trump left open the possibility of cutting Canada out of the final deal, which he said would replace NAFTA. Trump said that the new deal with Mexico would lead to the termination of NAFTA and that he would rename it the United States — Mexico trade agreement. This time, the deadline may be real, given a congressional requirement for 90 days notice of an impending trade deal.

Source: Washington Post August 27, 2018 13:47 UTC