Canada–United States relations

U.S. and Canada reach deal to revamp NAFTA

Photo: Michael Kappeler/picture alliance via Getty Images

The United States and Canada announced Sunday night that the two countries had agreed to enter into — along with Mexico — a revamped North American free trade deal just as a midnight deadline approached.

The details: The new deal will be called the United States-Mexico-Canada Agreement and, per the AP, provides easier access for the U.S. to the Canadian dairy market but also keeps in place key trade safeguards from NAFTA that Canada wanted to remain.

NAFTA: Midnight edition

Photo: Mandel Ngan/AFP/Getty Images

Midnight tonight brings what has proven to be a fake NAFTA deadline.

What's happening: Trump's negotiating team was working under the theory that they had to sign the new NAFTA agreement on Nov. 30 because the incoming Mexican leftist leader Andrés Manuel López Obrador, who takes office in December, would not sign NAFTA 2.0. Trade Promotion Authority rules dictate that the U.S. government must release text of any new agreement 60 days before signing — and that's midnight tonight.