US, Canada reach NAFTA deal

The U.S. and Canada have reached a deal on an updated North American Free Trade Agreement (NAFTA) after negotiators in Washington and Ottawa worked furiously into the night to meet a self-imposed midnight Sunday deadline.

The White House announced on Sunday night that Canada, Mexico and the United States have reached a deal to preserve the three-nation agreement.

In a joint statement, U.S. Trade Representative Robert Lighthizer and Canadian Foreign Affairs Minister Chrystia Freeland said that the new deal will “give our workers, farmers, ranchers and businesses a high-standard trade agreement that will result in freer markets, fairer trade and robust economic growth in our region.”

“It will strengthen the middle class, and create good, well-paying jobs and new opportunities for the nearly half billion people who call North America home,” the two trade ministers said.

We are going to have to do some reading…

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