The Trump administration’s new trade deal with Canada and Mexico leaves much of the old North American Free Trade Agreement intact. There are some key differences, however, particularly when it comes to the dairy and auto industries.
The updated agreement, the subject of more than a year of intense negotiations between the countries, includes some high-profile compromises from both Washington and Ottawa.
The U.S., for example, won expanded access to Canadian markets for U.S. dairy producers, long a major sticking point for the Trump administration. For its part, Canada won a key concession from U.S. negotiators that preserved a dispute resolution process.
This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.