New NAFTA Deal

Quickly approaching a deadline to renew NAFTA, the U.S. and Canada spent this past weekend penning a revision to the agreement that will allow NAFTA to continue on for years to come.

The deal still needs to be adopted by each of the three countries involved (the U.S., Canada, and Mexico).

Many of the changes are regarding the trading relationships between the three countries. It also requires car manufacturers in North America to make vehicles using at least 75% North American parts.

The new deal includes tariff exemptions for Canada and Mexico when it comes to cars and other big-budget products.

Canada will also be forced to stock more American cheeses and wines, after previously defending their domestic dairy market.

The full text of the agreement has been released to the press.

John is a lover of business, technology, and writing. He is one of the main writers at The Confidence and aspires to create valuable content that changes his reader's lives.

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