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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 1 hour ago - Politics & Policy

Political consultants pocket taxpayer cash

Illustration: Shoshana Gordon/Axios

Members of Congress are turning to the same political consultants who got them elected to blast out taxpayer-funded communications from their government offices, records show.

Why it matters: While those members are barred from politicking with official funds, the firms have expertise in boosting elected officials' images for political gain and are in high demand for both campaign and government work.

Updated 2 hours ago - Politics & Policy

Omicron dashboard

Illustration: Brendan Lynch/Axios

  1. Health: Transplants rebound from COVID lull
  2. Vaccines: WHO: No evidence that healthy children, teens need boosters — Kids' COVID vaccination rates are particularly low in rural America
  3. Politics: Government website for free COVID tests launches early
  4. World: Greece imposes vaccine mandate for people 60 and older
  5. Variant tracker
2 hours ago - Politics & Policy

Schumer pushes for doomed filibuster changes

Senate Majority Leader Chuck Schumer addresses reporters Tuesday. Photo: Bill Clark/CQ-Roll Call via Getty Images

Senate Majority Leader Chuck Schumer told the Democratic caucus Tuesday night he plans to propose instituting a one-time "talking" filibuster requirement, and bypassing the 60-vote threshold for major legislation, to pass the party's election reforms package via simple majority.

Why it matters: While Schumer acknowledged both votes are expected to fail — and some vulnerable Democrats up for re-election feel it will put them in a tough spot — he argued it's worth putting members on the record for historic legislation.