Dairy, cultural protections, and dispute resolution measures remain as the final core obstacles for the US-Canada closure of the second phase of NAFTA-replacement negotiations. On August 27th, President Donald Trump announced that the United States and Mexico reached an new agreement on trade that would replace NAFTA. During the 2016 elections, both political parties railed on NAFTA and promised reforms and renegotiation.
At the G20 summit, U.S. President Donald Trump and China President Xi Jinping agreed to a 90-day tariff-hike truce. The truce intends to provide a negotiation window for the two countries to settle intellectual property and industrial policy differences.