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The Trump administration Monday announced a preliminary agreement with the government of Mexico on an update to the North Atlantic Free Trade agreement or NAFTA.  President Trump is calling this the end of NAFTA and beginning of something new, while observers say this is more a revision of NAFTA, updating provisions in relation to the digital economy, automobiles, agriculture and labor unions.  The largest change in the new agreement would affect the auto industry, requiring car companies to manufacture at least 75 percent of an automobile’s value in the US, up from 62.5 percent.  It is not known as of now if Canada will be included in this new agreement. 

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