Trade between the United States and Canada has long provided millions of good livelihoods across both countries. Many people thus supported the 1988 Free Trade Agreement (FTA) and its expansion in 1994 to include Mexico in the North American Free Trade Agreement (NAFTA).
After more than a year of negotiations, the three national governments, sometimes referred to as the “Three Amigos,” recently agreed in principle to change and rebrand NAFTA, which today regulates what has grown to more than $1.2 trillion yearly trade in goods and services. The new agreement is renamed the U.S.–Mexico–Canada Agreement (USMCA).
