NAFTA is the North American Free Trade Agreement, which is a trade deal between Canada, the US and Mexico. The agreement came into effect in 1994. According to some statistics, NAFTA has been most beneficial for the US economy.
US leaving the North American Free Trade Agreement “won’t be the end of the world,” Mexican Foreign Minister Luis Videgaray said. He added that his country has to be ready to leave the negotiation table altogether.
Prime Minister Justin Trudeau arrived in Washington on Monday carrying the hopes of Canadian businesses that he can assure US President Donald Trump the North American Free Trade Agreement (NAFTA) is worth salvaging.
Mexico says it's willing to alter the free trade agreement with the US and Canada. However, the country warns it will scrap the North American Free Trade Agreement (NAFTA) if the deal hurts Mexico's interests.