-There's a lot to digest in the new trade agreement that the United States, Mexico and Canada finalized in deadline-beating fashion on Sunday, starting with a name change: If the new deal is adopted by all three countries, the North American Free Trade Agreement will give way to the United States-Mexico-Canada Agreement or U.S.M.C.A.

It's a cosmetic change for an otherwise consequential set of revisions.

"It's not Nafta redone, it's a brand-new deal," President Trump said at the White House on Monday.

Text of the pact, released late Sunday, includes major adjustments in several key areas of the countries' trading relationships. The agreement sets new rules for automobile production, meant to incentivize production of cars and trucks in countries that pay higher wages. It reduces barriers for American dairy farmers to sell cheese, milk and other products to Canada. It retains a tribunal for resolving trade disputes that the United States had sought to eliminate...

https://www.nytimes.com/2018/10/01/b...fferences.html