United States–Mexico–Canada Agreement

The United States-Mexico-Canada Agreement (USMCA) is a free trade agreement between the United States, Mexico, and Canada, replacing the North American Free Trade Agreement (NAFTA) implemented in 1994. The agreement was signed on December 10, 2019, and ratified by all three countries, with Canada being the last to ratify on March 13, 2020. It came into effect on July 1, 2020, and is primarily a modernization of NAFTA, with key changes including increased environmental and working regulations, greater incentives for automobile production, and more access to Canada's dairy market.learn more on wikipedia