New North American Trade Agreement Heads To Congress

The United States, Mexico, and Canada reached a tentative agreement to strike a new North American trade deal, and President Donald Trump has given Congress six months to approve the measure. The United States-Mexico-Canada Agreement (USMCA), would replace the North American Free Trade Agreement (NAFTA).

U.S. Rep. Rick Crawford, R-Jonesboro, told Talk Business & Politics he doesn’t think the agreement will be decided during the lame duck session of Congress, but it could be considered in the first couple of months after the New Year.

The agreement has to be approved by legislatures in all three countries. The U.S. does about a $1 trillion worth of business each year with the two countries, and Canada (second) and Mexico (third) are America’s most significant trade partners. NAFTA was created in 1994.   MORE

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