President Trump, Mexican President Enrique Peña Nieto, and Canadian Prime Minister Justin Trudeau on Friday signed the U.S.-Mexico-Canada Agreement (USMCA), a new trade deal Trump has sought to replace NAFTA.
Despite the signing ceremony on the sidelines of the G-20 summit in Argentina, USMCA will not go into effect unless it gains congressional approval. Trump expressed optimism that the agreement will be made official — "I don't expect to have much of a problem," he said Friday — but members of both houses of Congress have raised concerns.
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
-
Lesotho: the tiny African nation in the crosshairs of Trump's tariff warUnder the Radar US president imposes 50% reciprocal levy on the impoverished state: the highest of his so-called 'Liberation Day' tariffs
-
Is this the end of globalisation?Today's Big Question American-led post-war order is 'finally starting to crumble' but that could bring about 'a more inclusive world'
-
Are free trade zones and alliances the answer to Trump's tariffs?Today's Big Question Temptation is to retaliate with trade barriers, but most agree nations should focus on targeted trade pacts and strengthening cooperation
-
Markets notch worst quarter in years as new tariffs loomSpeed Read The S&P 500 is on track for its worst month since 2022 as investors brace for Trump's tariffs
-
Tesla Cybertrucks recalled over dislodging panelsSpeed Read Almost every Cybertruck in the US has been recalled over a stainless steel panel that could fall off
-
Crafting emporium Joann is going out of businessSpeed Read The 82-year-old fabric and crafts store will be closing all 800 of its stores
-
Trump's China tariffs start after Canada, Mexico pausesSpeed Read The president paused his tariffs on America's closest neighbors after speaking to their leaders, but his import tax on Chinese goods has taken effect
-
Chinese AI chatbot's rise slams US tech stocksSpeed Read The sudden popularity of a new AI chatbot from Chinese startup DeepSeek has sent U.S. tech stocks tumbling
