North American Free Trade Agreement
Agreement between Canada
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July 1 2020 | The United States—Mexico—Canada Agreement (USMCA) officially came into effect, replacing the original NAFTA. |
July 1 2020 | The USMCA took effect, officially replacing NAFTA. |
April 2020 | Canada and Mexico notified the U.S. that they were ready to implement the USMCA. |
March 2020 | All three countries had ratified the USMCA. |
2018 | Sierra Club report highlighted conflicts between Canada's NAFTA commitments and Paris Agreement voluntary environmental targets. |
September 30 2018 | A preliminary deal was reached between Canada and the United States, preserving the trilateral trade pact. The agreement was renamed the United States—Mexico—Canada Agreement (USMCA). |
September 1 2018 | President Donald Trump warned Canada about potential exclusion from the new trade agreement unless they submitted to his demands. |
August 27 2018 | The United States and Mexico announced a bilateral understanding on a revamped NAFTA trade deal, including provisions for boosting U.S. automobile production, a 16-year sunset clause with 6-year reviews, and increased de minimis thresholds for online purchases. |
February 2018 | A Gallup Poll revealed that 48% of Americans viewed NAFTA as good for the U.S., while 46% considered it bad, demonstrating a nearly even split in public opinion. |
2017 | Republican support for NAFTA dropped to 34%, while Democratic support increased to 71%. This marked a significant shift in partisan views towards the trade agreement. |
2017 | Council on Foreign Relations report noted that bilateral agricultural trade tripled since 1994, with Canada becoming the leading agricultural importer for the U.S. |
July 2017 | The Trump administration provided a detailed list of proposed changes to NAFTA, prioritizing reduction of the United States' trade deficit and seeking to eliminate provisions that allowed Canada and Mexico to appeal duties. |
January 2017 | U.S. President Donald Trump took office and began seeking to replace NAFTA with a new agreement. |
2016 | Donald Trump was elected president, significantly polarizing public opinion on NAFTA and expressing strongly negative views about the trade agreement. |
2015 | Congressional Research Service concluded NAFTA added $80 billion to the US economy, equivalent to a 0.5% GDP increase. |
2012 | A survey of the Initiative on Global Markets' Economic Experts Panel found 95% of participants believed US citizens benefited from NAFTA. |
2012 | A study revealed trade increases post-NAFTA: 11% for Canada, 41% for the United States, and 118% for Mexico, with varying welfare impacts. |
2011 | US trade in goods and services with Canada and Mexico increased to $1.2 trillion from the initial $337 billion in 1993. |
2010 | US experienced a trade deficit of $94.6 billion in goods with NAFTA countries, representing a 36.4% annual increase. |
This contents of the box above is based on material from the Wikipedia article North American Free Trade Agreement, which is released under the Creative Commons Attribution-ShareAlike 4.0 International License.