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Trump declines to renew NAFTA as is
U.S. President Donald Trump decided not to renew the trilateral trade agreement with Canada and Mexico in its current form, opting instead to conduct annual reviews rather than an automatic extension. The aim is to address issues such as the trade deficit the United States has with the two countries, while the agreement remains in effect for another ten years, with the possibility of renegotiating several provisions in the future. Trump had previously described the agreement, which replaced NAFTA in 2020, as the fairest deal, but he recently revised his stance amid rising tensions.
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