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USMCA reached deal to replace NAFTA

Yesterday, the House Democrats and the White House reached an agreement to replace the 25-year old NAFTA. According to House Speaker, Nancy Pelosi, the new revised USMCA Trade Bill pact is "indefinitely better" than the deal that what was announced last year by the three countries.

The USMCA is set to modernize the old NAFTA agreement and, according to the Office of the U.S. Trade Representative (USTR), will "support mutually beneficial trade leading to freer markets, fairer trade, and robust economic growth in North America."

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