The U.S. and Canada have agreed on a trade deal that would save the North American Free Trade Agreement as a trilateral bloc, according to three people familiar with the matter.
President Donald Trump has approved the developments and the expectation is that an agreement will be announced on Sunday night, according to the people, who spoke on the condition of anonymity. U.S. Trade Representative Robert Lighthizer and Canadian officials are working on the final touches.
U.S. and Canadian negotiators have been negotiating around the clock this weekend to make a Sunday midnight deadline that would allow the countries to sign the deal as the final act before Mexico’s outgoing President Enrique Pena Nieto leaves office at the end of November.
https://www.bloomberg.com/news/articles/2018-09-30/president-trump-s-nafta-deal-with-canada-is-said-to-be-imminent
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Just hours before a midnight deadline, the US and Canadian governments agreed to a deal that would allow US farmers greater access to Canada's dairy market and address concerns about potential US auto tariffs, officials from both countries said.
The agreement with
Canada and Mexico — two of the United States' biggest trading partners —
follows through on President Donald Trump's campaign pledge to
renegotiate NAFTA and avoids his threat to exclude Canada if the talks failed.
The new deal has a new name: the United States-Mexico-Canada Agreement.
"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," said US Trade Representative Robert Lighthizer and
Canadian Foreign Affairs Minister Chrystia Freeland in a joint
statement.
The Trump administration plans to send the new deal to Congress,
starting a 60-day review period before Trump can sign it. Congress can
suggest changes during that time
Vehicles, machinery and agricultural products make up much of the goods traded between the countries.
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