NAFTA is now USMCA, Trump to sign new deal at November end: Official - Reuters

Omkar Godbole FXStreet Contributor

The new North American Trade deal will be called the United States-Mexico-Canada agreement, a senior Trump administration official said on Monday, according to Reuters.

Key points (Source: Reuters)

Trump to sign new trade agreement at the end of November, submit to Congress after that - official

Canada has agreed to eliminate 'class 7' milk protein pricing system, increase US Access to Canada's dairy market beyond trans-pacific partnership levels-official

New North American trade deal does not make substantial changes to current chapter 19 trade dispute settlement mechanism, nor state-to-state dispute settlement-official

US official says keeping chapter 19 will not affect US enforcement of anti-dumping, anti-subsidy laws

A trade deal with Canada does not affect US Steel, aluminum tariffs currently levied on Canada-official

Discussions with Canada on steel, aluminum tariffs on 'completely separate track'- US Official

If trump imposes autos tariffs, both Mexico and Canada will be accommodated in 'side letters'- officiate

Author

Omkar Godbole

FXStreet Contributor

Omkar Godbole, editor and analyst, joined FXStreet after four years as a research analyst at several Indian brokerage companies.

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