The "United States, Mexico and Canada Agreement" is the new NAFTA.
A tentative agreement was reached last night between Canada and the United States, which was the final hurdle in getting a deal done between the three North American countries.
Canada will concede an additional 3.59% access to the supply-managed dairy industry. In exchange for concessions on our dairy market; the dispute resolution mechanism, known as Chapter 19, is being kept intact word-for-word. It's unclear at the moment whether the U.S. will lift the current tariffs on steel and aluminum.
Prime Minister Justin Trudeau left a meeting with U.S. officials yesterday saying it was "a good day for Canada". He is expected to elaborate on the deal later today.
