The United States and Mexico have announced preliminary plans to change parts of the North American Free Trade Agreement. The new agreement, called the United States-Mexico Trade Agreement, does not involve Canada, but the country could be included at a later date.
CNN reports that U.S. Trade Representative Robert Lighthizer said the agreement was "absolutely terrific" and would modernize a trade deal that had "gotten seriously out of whack." He said he hoped Congress would approve it with broad bipartisan support.