New trade agreement between US, Mexico and Canada begins

Today, July 2, a tripartite free trade agreement between Mexico, the USA and Canada (USMCA) comes into force.

New trade agreement between US, Mexico and Canada begins

“Today, the US-Mexico-Canada (USMCA) agreement will enter into force. Thanks to the bold leadership of President Trump, the agreement will mean stronger economic growth, more jobs for American workers and fairer trade for our country, ” the White House said.

This agreement replaces the North American Free Trade Agreement. Trump promised to replace him, since in his opinion he is more profitable for Canada and Mexico. The new document takes into account the interests of the United States.

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