Canada, Mexico, U.S. Reach New NAFTA Deal
NAFTA is now called the U.S.-Mexico-Canada Agreement, or USMCA, after the three countries reached a new deal late Sunday night. From The Wall Street Journal:
The biggest impact is expected to be on the region’s largest industry, autos, requiring a greater portion of vehicles to be made in North America and with high-wage labor in the U.S. and Canada. The new deal for the first time sets rules for financial-services and digital businesses that have emerged since the bloc was created, aimed at pleasing sectors from drugmakers to Wall Street.
