The Trump administration notified Congress on Friday that the U.S.-Mexico-Canada Agreement will take effect on July 1, bringing to a close an almost three-year process that President Donald Trump began in rewriting the 25-year-old NAFTA.

The three countries still need to wrap up certain requirements in the next two months, but the move triggers the clock for the deal to enter into effect in July. The step, however, is opposed by many North American business leaders who sought to delay USMCA implementation because of the economic difficulties arising from the spread of the coronavirus. Read More