America first? Mexico, Canada push back on name of new trade deal

USMCA a win for US, Canada and Mexico?

QPAGOS CEO Gaston Pereira on the Trump administration’s USMCA deal with Canada and Mexico and the migrant caravan.

After a protracted and tenuous negotiation period, leaders from the U.S., Canada and Mexico officially agreed on a revised trade pact Friday – but the one thing they seem unable to settle on is what the agreement should be called.

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The deal – which replaces the North American Free Trade Agreement (NAFTA) – resulted from more than a year of renegotiation discussions. The Trump administration dubbed the agreement the U.S.-Mexico-Canada Agreement, or USMCA. However, it turns out the other parties involved have ideas of their own.

As of Friday, Canada’s official website had a page dedicated to the agreement, which it called the Canada-United States-Mexico Agreement, or CUSMA.

In Mexico, media reports refer to the deal as “T-MEC,” though MUSCA – Mexico-U.S.-Canada Agreement, is also being considered – according to a report from Canada's National Post.

The deal, hailed by President Trump as a “groundbreaking achievement,” includes important reforms in the automotive and agriculture sectors. It also strengthens intellectual property protections.

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Legislatures from Mexico and Canada, as well as Congress, must approve the deal before it is finalized.

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