USMCA (United States-Mexico-Canada Agreement)

The United States-Mexico-Canada Agreement (USMCA) is a trade deal that replaced NAFTA, aiming to strengthen economic ties between the U.S., Canada, and Mexico. It focuses on modernizing trade rules to reflect current industries, improve labor rights, and increase protections for intellectual property. Key changes include better labor provisions, higher thresholds for automotive content, and enhanced standards for digital trade. Overall, USMCA seeks to boost trade and economic cooperation while addressing issues that have evolved since NAFTA was implemented in 1994.