US-Mexico-Canada Agreement (USMCA)

The US-Mexico-Canada Agreement (USMCA) is a trade deal implemented in July 2020, replacing NAFTA. It aims to strengthen economic ties and trade among the U.S., Mexico, and Canada. Key features include better protection for workers’ rights, stricter labor standards, and updated rules for digital trade. It also encourages higher percentages of car parts to be made in North America and increases access for American farmers to Canadian dairy markets. Overall, the USMCA aims to support jobs, promote fair trade practices, and adapt to modern trade challenges.