Photo: Saul Loeb/AFP/Getty Images

President Trump, Canadian Prime Minister Justin Trudeau and Mexican President Enrique Peña Nieto signed onto USMCA — the United States-Mexico-Canada Agreement, a revamped version of NAFTA — at the G20 summit in Buenos Aires on Friday.

The big picture: The deal still has to be approved by Congress, which is far from guaranteed, as well as the Canadian and Mexican legislatures. And even though USMCA only contains modest changes from NAFTA, Trump still views the deal as a major win after promising on the campaign trail to get rid of the "single worst trade deal ever approved."

  • CBC News reports that Canada is calling the deal CUSMA, or the Canada-United States-Mexico agreement, "in all its own documents, and Foreign Minister Chrystia Freeland still occasionally calls it 'the new NAFTA.'"
  • At the signing, Trudeau once again urged Trump to get rid of the aluminum and steel tariffs the White House imposed earlier this year, which have remained in place despite the new trade agreement.
  • Treasury Secretary Steven Mnuchin said in a statement, per CBS' Mark Knoller, that USMCA is "a critical step in modernizing and rebalancing North American trade."

Go deeper: Breaking down the rapid NAFTA rebrand

Go deeper

Updated 2 hours ago - Health

World coronavirus updates

Data: The Center for Systems Science and Engineering at Johns Hopkins; Map: Axios Visuals

France reported more than 2,500 new COVID-19 cases in 24 hours — the largest single-day number since May. French officials said the situation was "clearly worsening," per France 24.

By the numbers: Over 745,600 people have died of the novel coronavirus globally and over 20.4 million have tested positive, per Johns Hopkins. Almost 12.7 million have recovered from the virus.

Biden campaign raises $26 million in 24 hours after announcing Harris as running mate

Joe Biden and Kamala Harris. Photo: Olivier Douliery/AFP via Getty Images

Joe Biden's campaign announced on Wednesday that it raised $26 million in the 24 hours after revealing Sen. Kamala Harris as his vice presidential pick.

Why it matters: The cash influx signals that Harris has helped the Democratic presidential campaign pick up steam. Nearly 150,000 contributors were first-time donors, according to the campaign statement.

Updated 2 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Annelise Capossela/Axios

  1. Global: Total confirmed cases as of 7 p.m. ET: 20,456,016 — Total deaths: 745,600— Total recoveries: 12,663,206Map.
  2. U.S.: Total confirmed cases as of 7 p.m. ET: 5,190,948 — Total deaths: 165,883 — Total recoveries: 1,714,960 — Total tests: 63,252,257Map.
  3. Politics: Pelosi says Mnuchin told her White House is "not budging" on stimulus position.
  4. Business: U.S. already feeling effects of ending unemployment benefits.
  5. Public health: America's two-sided COVID-19 response America is flying blind on its coronavirus response.
  6. Education: New Jersey governor allows schools to reopenGallup: America's confidence in public school system jumps to highest level since 2004.