U.S., Mexico, Canada Finally Reach Agreement on New Trade Deal

The United States, Mexico and Canada have finally reached consensus on a new North American trade agreement. In an announcement on Tuesday, the office of U.S. Trade Representative Robert Lighthizer said the USMCA “will support mutually beneficial trade leading to freer markets, fairer trade, and robust economic growth in North America.” 

Lighthizer and Canadian Deputy Prime Minister Chrystia Freeland will join Mexico President Andres Manuel Lopez Obrador in Mexico City today for a signing ceremony at the National Palace. A tentative agreement was signed in Buenes Aires in 2018 by then-Mexican President Enrique Peña Nieto, Canadian Prime Minister Justin Trudeau and President Donald Trump. The agreement was then subject to months of debate and many revisions before legislators would accept it. The U.S. House is expected to vote next week to ratify the agreement, followed by the Senate sometime later.