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Nafta: US and Canada 'reach new trade deal'

Source: BBC News:
September 30, 2018 at 14:04
US President Donald Trump and Canadian Prime Minister Justin Trudeau / AFP Image caption Relations between US President Donald Trump and Canadian Prime Minister Justin Trudeau have occasionally been fraught
US President Donald Trump and Canadian Prime Minister Justin Trudeau / AFP Image caption Relations between US President Donald Trump and Canadian Prime Minister Justin Trudeau have occasionally been fraught
The US and Canada are reported to have reached a deal to reform the North American Free Trade Agreement (Nafta) after last minute negotiations.

The deal is said to involve more US access to Canada's dairy market and a cap on Canada's car exports to the US. 

Nafta governs more than $1tr (£767 bn) in trade between the two and Mexico.

Mexico and the US have already agreed new terms, and only recently it looked as if Canada could be excluded in a final agreement.

A protectionist policy under the US President Donald Trump has seen the US forge ahead with individual trade deals, rejecting bigger multi-lateral trade agreements and posing a challenge to decades of global free trade.

Mr Trump earlier this year imposed taxes on imports from Mexico and Canada - and the two countries retaliated.

The Trump administration set Sunday as a deadline for Canada to strike a deal.

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