Prime Minister Justin Trudeau and Minister of Foreign Affairs Chrystia Freeland walk to a press conference on the USMCA trade deal on Parliament Hill in Ottawa on Oct. 1. (Justin Tang / THE CANADIAN PRESS)
The accord makes modest revisions to a trade deal Trump once called a “disaster,” easing uncertainty for companies reliant on tariff-free commerce among the three countries.
U.S. and Canadian negotiators worked around the clock this weekend to secure an agreement just before a Sunday midnight deadline, allowing leaders from those nations and Mexico to sign the pact by late November. The 24-year-old NAFTA will now be superseded by the U.S.-Mexico-Canada Agreement, or USMCA, covering a region that trades more than $1 trillion annually (U.S.).