US Reaches Trade Agreement with Canada & Mexico

Tuesday, October 2, 2018

 

The United States, Canada, and Mexico have finally reached a trade agreement after more than a year of negotiating. According to President Donald Trump, this is the largest US trade deal ever made. The three countries have agreed to 40% to 45% of automobile parts to be made by US workers earning at least $16 an hour in order for the car to be free from tariffs. 

 

Some of Canada’s dairy market will also be opened up to US farmers like milk, yogurt and ice cream that could produce better prices in the country. Although this agreement came within an hour before the October first deadline, the deal must still be signed by Congress within 60 days. Steel and Aluminum tariffs remain the same on Canadian and Mexican imports and will be negotiated separately.

Tags:

Please reload

News Posts Archive