What we know about the new USMCA trade deal - News Summed Up

What we know about the new USMCA trade deal


As the smoke of heated NAFTA talks clears, here's a look at what will be included in a trade deal between the three countries — and what that could mean for Canadians. The auto sectorAfter U.S. President Donald Trump lobbed threat after threat at Canada's auto industry, peace has been tentatively achieved. Canada exported $71 billion in cars and vehicle parts to the U.S. last year, according to the United States Trade Representative. It was developed as part of Canada's first trade deal with the U.S., negotiated back in the 1980s under Prime Minister Brian Mulroney. Cultural exemptionsUnchanged from the original version of NAFTA, cultural exemptions will remain in the new deal, according to senior Canadian sources.


Source: CBC News October 01, 2018 07:52 UTC



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