US president Donald Trump said on 27 August he reached a preliminary trade deal with Mexico to replace the North American Free Trade Agreement (Nafta) and threatened to slap tariffs on Canada if it did not reach a similar agreement. Trump said the new deal, which he calls the United States- Mexico Trade Agreement, would be a "really good deal" for the US and Mexico. Mexican president Enrique Pena Nieto said it would boost productivity across North America. But the bilateral deal, if signed and ratified, threatens to unravel the single three-way trade relationship the US, Canada and Mexico have had since 1994.
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