NAFTA Talks

President Andres Manuel Lopez Obrador said the three countries had agreed on tweaks to labour, steel and aluminium provisions in the USMCA

US negotiators clearly had China in mind when they hammered out the new trade deal with Mexico and Canada to replace the 1994 Nafta agreement that Trump labeled a disaster

The Canadian source said Canada had agreed to a cap on its automotive exports to the United States

The US-Mexico pact has prompted many of Canada's business and political leaders to ramp up pressure on Prime Minister Justin Trudeau to cut his own deal with the United States

We've said from the very beginning that we need a dispute resolution mechanism like Chapter 19 and we will hold firm on that, says Trudeau

US Treasury Secretary Steven Mnuchin told CNBC on Tuesday that he believed the United States could also reach a trade deal with Canada this week

Justin Trudeau stressed in a phone call with Trump, aim was to reach a new NAFTA deal

There are concerns U.S.-Mexico relations could get rockier with Pena Nieto, a centrist, unable to seek a second six-year term due to Mexico's term limits

Both Canada and Mexico send more than 75 percent of their goods exports to the United States

Initial talks to re-negotiate between Mexico, US, Canada ended with no breakthrough

US-Canada-Mexico trade has quadrupled since NAFTA took effect in 1994, crossing $1 trillion in 2015