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USMCA is signed, but challenges remain

The U.S., Canada, and Mexico have signed a new trade agreement after more than a year of negotiations, but challenges remain.

The U.S. Mexico Canada Agreement replaces NAFTA and must be ratified by lawmakers in each country. A major sticking point for Canada and Mexico has been the steel and aluminum tariffs. Leaders from the countries have said they want tariffs removed before the agreement is ratified.

President Trump says the U.S. took a lot of barbs, but in the end got an agreement that’s good for all three countries.

Trump, Canadian Prime Minster Justin Trudeau and, and outgoing Mexican President Enrique Pena Nieto signed the agreement today at the G20 summit in Argentina.