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On July 1, 2018, Trump said he would not approve any deal until after the U.S. midterm elections in November.

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Jordan; which deal were they hoping to be done with?

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Mexico, Canada, and the United States had all hoped to be finished with the renegotiations of NAFTA by the end of 2017.

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The new agreement might help restore some of the 500,000 - 750,000 manufacturing jobs lost in California, New York, Michigan and Texas.

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Catie, How does this new trade agreement help with the importing of dairy products into Canada? How was it previously?

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In response to the graph Elise posted...that is quite alarming! I hope that the new deal will improve those numbers.

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Elise, it means trade between two countries

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Trump's threat to end NAFTA weakened trade relationships with America's partners.

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Grace, what is bilateral trade?

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The changes first started being talked about on May 18th, 2017

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The United States, Canada and Mexico have agreed that the information exchanged in the context of the NAFTA negotiations, such as the negotiating text, proposals of each Government, accompanying explanatory material, and emails related to the substance of the negotiations, must remain confidential

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The agreement says that high-wage manufacturers mus pay a minimum of $16 per hour in average to their production employees.

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This is a bar graph that shows how manufacturing employment has gone down since NAFTA

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The US Trade Representative Robert Lighthizer, said that the president would like to still honor NAFTA with the new negotiations that he wants to put into place

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The deal is also good for pharmaceutical companies to be able to sell prescription drugs to Mexico and Canada

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NAFTA began in 1980. Its purpose is to reduce trading costs, increase business investment and help North America be more competitive in the global marketplace.

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The new deal allows companies to import foreign workers on a TN Visa (Work Visa) to work cheaper for the businesses than American workers.

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Economists say that manufacturing employment began to decline before NAFTA was even signed. This is because employers have been able to increase output with fewer employees.

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Trump expressed that he wanted to eventually make trade agreement with Japan and Europe in the near future

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When a worker in Mexico was asked if he could ever afford to buy one of the $40,000 cars he helps make, he laughed and said that his weekly pay is around $110. An hourly pay of $2.25.

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Congress will vote to approve the Mexico Trade Agreement in November of this year

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Nafta required automakers to produce 62.5 percent of a vehicle’s content in North America to qualify for zero tariffs when shipping the products else where

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In 1991 Canada and the US started talking to Mexico about becoming a trade partner as well, and they entered NAFTA on Jan 4th, 1994

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The agreement sets new rules for automobile production, meant to give an incentive to production of cars and trucks in countries that pay higher wages.

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A country can withdraw from NAFTA if they give a six months notice. President Trump has requested a renegotiation of the NAFTA terms.

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The new deal will change NAFTA in 6 different ways. 1. 75% of automotive parts have to manufactured in Canada, the U.S., or Mexico. 2. Canada must open up its dairy market to U.S. farmers. 3. Mexico's trucks must meet United States safety standards. 4. There will be more protection for patents and trademarks. 5. The United States drug companies can sell products to Canada for 10 years before facing competition. 6. Companies can no longer use Chapter 11 to dispute arguments with the government.

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"It is a great deal for all three countries, solves the many deficiencies and mistakes in NAFTA, greatly opens markets to our Farmers and Manufacturers, reduce Trade Barriers to the U.S. and will bring all three Great Nations closer together in competition with the rest of the world,” Trump wrote on Twitter on Monday.

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the deal makes it easier for dairy producers to sell their cheese, milk, and other products to Canada

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The United States started a bilateral trade agreement with Canada more than 30 years ago which started to take affect on Jan 1st, 1989

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NAFTA originally went into effect on January 1st 1994.