
New North American trade deal comes into effect under growing threat of disputes
- Trade
- Europost
The United States-Mexico-Canada Agreement (USMCA) comes into effect today, replacing the 26-year-old North American Free Trade (NAFTA), the US Trade office said in a statement. The revamped trade pact was meant to create a kind of fortress North America, boosting the region’s competitiveness - but cracks are already starting to show in the foundation.