The new agreement clunkily titled the United States–Mexico–Canada Agreement (USMCA), still needs to be ratified by the legislatures of each country.
But now that the final document is public, it’s clear that it isn’t that much different from NAFTA. In 1994, former president Bill Clinton signed NAFTA in an effort to remove trade barriers between the three North American nations. The USMCA is essentially an update with a new name, some new provisions for auto industry production and intellectual property, tariffs on steel and aluminum, and a last-minute sneak attack on LGBTQ equality.
Wait, what?
The Trump Administration Effectively Removed LGBTQ Protections from the New NAFTA