NAFTA (North American Free Trade Agreement)

A deal signed in 1993 by America, Canada and Mexico to eliminate tariff barriers between the three countries by creating a free trade area. The agreement was disliked by many on both the left and the right of American politics and President Donald Trump renegotiated it during his first term in office, renaming it the US-Mexico-Canada Agreement (USMCA). The main change was that a greater proportion of a car or truck’s components had to be manufactured in America to qualify for tariff exemption.