North American Free Trade Agreement

Canada has agreed to eliminate its Class 7 dairy pricing scheme as part of the “U.S.-Mexico-Canada Agreement” – the new moniker for the renegotiated North American Free Trade Agreement – and has reached an “accommodation” with the Trump administration on autos in case the U.S. imposes Section 232 tariffs on auto imports, Trump administration officials said late on Sunday night.

The chief negotiator for incoming Mexican President Andrés Manuel López Obrador said “We celebrate the trilateral agreement.”

The U.S. and Mexico have agreed to delay the release of their bilateral trade deal's text because an agreement with Canada could be imminent, an official close to the talks told Inside U.S. Trade.

In a meeting with USTR Robert Lighthizer on Thursday, several Democrats on the House Ways & Means Committee said they hoped the U.S. would hold Mexico accountable on labor standards in the new U.S.-Mexico trade deal.

Following a meeting with U.S. Trade Representative Robert Lighthizer, several Democrats on the House Ways & Means Committee said the earliest Congress was likely to vote on a NAFTA-like deal is February or March.

Karen Antebi, an economic counselor in the Mexican Embassy’s Trade and NAFTA Office, said on Wednesday that NAFTA’s safeguard language has been “kept and expanded” upon in the new U.S.-Mexico trade deal despite a U.S. push to eliminate such provisions.

Summarizing the details ahead of the release of the deal's text.