IT’S A DEAL: US, Canada Strike Last-Minute NAFTA Agreement

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The United States and Mexico reached a last-minute NAFTA deal this weekend; agreeing to new terms that updates the trilateral international trade agreement between the North American countries.

According to Bloomberg, negotiators from the US and Canada struck the deal to reach a self-imposed deadline of Sunday evening that allows the countries to remain inside the free trade bloc; ending weeks of speculation on whether Canada would agree to the Trump administration’s new demands.

“Reaching a pact with Canada allows the 24-year-old pact to remain trilateral and for the U.S. to check another box for its legislative process in the lead up to a congressional vote,” writes Bloomberg.

Key points of contention for the White House included increased access for American businesses into Canada’s dairy industry, as well as streamlined regulations regarding US automobile manufacturers.

Read the full report at Bloomberg.