The deal must still be approved by Congress. It would protect Canadian industries from U.S. anti-dumping tariffs, but in exchange, "Canada had agreed to provide U.S. dairy farmers access to about 3.5 percent of its approximately $16 billion annual domestic dairy market," the Times reports. U.S. dairy farmers have been struggling, and President Trump had called for opening up the Canadian market; Canada taxes imported milk at more than 200 percent, Marketplace reports.
"The new trade deal also includes standards designed to protect intellectual property and trade secrets, tougher labor requirements for Mexico and environmental obligations designed to combat trafficking in wildlife, timber and fish," Michael Collins reports for USA Today. "The agreement will run for 16 years but will be reviewed after six years and could then be extended for another 16."