From NAFTA to USMCA: Key Facts About the New Trade Agreement
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FEBRUARY 3, 2020
U.S. President Donald Trump recently signed into law a replacement for the North American Free Trade Agreement (NAFTA), known as the United States–Mexico–Canada Agreement (USMCA). In this article, we discuss the differences between both agreements. Below is a brief overview of the history of NAFTA. NAFTA went into effect under the Clinton administration with the aim of increasing trade between Canada, the United States, and Mexico by removing trade barriers, as well as most taxes and tariffs on
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