President Donald Trump on Aug. 25 said he hoped a new U.S. trade deal with Canada and Mexico would be put to a vote in the U.S. congress soon.
Canadian Prime Minister Justin Trudeau, meeting with Trump on the sidelines of a G7 summit in France, said the deal was a good one for workers.
Trudeau added that he and Trump had “some good conversations” on the global economy and that the Canadian and American economies “are doing well.”
In November 2018, the leaders of the United States, Canada, and Mexico signed the USMCA, which would replace the 25-year-old North American Free Trade Agreement (NAFTA).
The USMCA establishes modern digital trade rules that have significant implications for digital commerce. The agreement contains strong provisions that eliminate digital trade barriers, guarantee cross-border data flow, and improve customs procedures, according to Shay.
The new accord maintains tariff-free access to Mexico for U.S. exports. And for Canada, it maintains tariff-free access for 99 percent of U.S. goods, but lifts some important barriers facing U.S. dairy products, chicken, eggs, and turkey.
Reuters and Epoch Times reporter Emel Akan contributed to this report.
