President Trump hailed Monday a last-minute agreement with Canada that would in effect rebrand the North American Free Trade Agreement. He called the pact, which also includes Mexico, “a great deal for all three countries [that] solves the many deficiencies and mistakes in nafta.”
The new agreement, announced late Sunday, is being labeled the United States Mexico Canada Agreement, or USMCA, and it ends months of uncertainty over what Trump's longtime aversion to nafta would mean for the accord, which went into effect in 1994.
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