Trump signs a 'new NAFTA' deal with Mexico and Canada

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.

The USMCA signing also did not affect Trump's imposition of heavy steel and aluminum tariffs on Canada and Mexico, though the Canadian delegation threatened to refuse signature until they were lifted. "We need to keep working to remove the tariffs on steel and aluminum between our countries," Trudeau reiterated at Friday's ceremony. "With hard work, goodwill, and determination, I'm confident we will get there."

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