(CNN) The United States and Mexico have reached an agreement to change parts of NAFTA, the trade deal that President Donald Trump has derided for years as unfair. Trump announced the agreement from the Oval Office Monday, with Mexican President Enrique Peña Nieto dialed in on a conference call. "They used to call it NAFTA," Trump said. "We're going to call it the United States-Mexico trade agreement. US Trade Representative Robert Lighthizer said the agreement was "absolutely terrific" and would modernize a trade deal that had "gotten seriously out of whack."

Source: CNN August 27, 2018 13:42 UTC