United States–Mexico–Canada Agreement facts for kids
The United States–Mexico–Canada Agreement (USMCA; Spanish: Acuerdo Estados Unidos-México-Canadá, AEUMC; French: Accord États-Unis-Mexique-Canada, AÉUMC) is a free trade agreement between Canada, Mexico, and the United States, replacing the previous North American Free Trade Agreement (NAFTA). It is the result of the 2017–2018 renegotiation of NAFTA by its member states, which informally agreed to the terms on September 30, 2018, and formally on October 1. The agreement came into effect on July 1, 2020.
Compared to NAFTA, the agreement gives the U.S. more access to Canada's $19 billion dairy market, more domestic production of cars and trucks, increases environmental and labor regulations, and introduces updated intellectual property protections.
Images for kids
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US Vice President Mike Pence speaks about the USMCA at a Uline distribution center in Pleasant Prairie, Wisconsin in 2019
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Outgoing Mexican President Enrique Peña Nieto, U.S. President Donald Trump, and Canadian Prime Minister Justin Trudeau sign the agreement during the G20 summit in Buenos Aires, Argentina, on November 30, 2018.
See also
In Spanish: Tratado entre México, Estados Unidos y Canadá para niños