After more than a year of bitter negotiations, U.S. President Donald Trump secured an eleventh-hour makeover of the trade deal with Canada and Mexico he's often called the worst in history. But it's far from clear that the revised pact will revitalize manufacturing, or whether it's mainly a rebranding of NAFTA—or that Congress will hand Trump the win on trade he is desperately seeking.
The revised deal offers some updates and improvements on the original North American Free Trade Agreement, tweaks that are largely similar to those included in the big Pacific trade deal inked by former President Barack Obama and nixed by Trump his first week in office. But the awkwardly named “United States-Mexico-Canada Agreement” also includes several new provisions, especially regarding auto manufacturing, that could ramp up trade tensions between the United States and its biggest trading partners.
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