The U.S., Mexico, and Canada came to a late-hours agreement Sunday to create a trilateral trade deal to replace NAFTA that is being deemed the USMCA, U.S.-Mexico-Canada Agreement.

Senior Trump administration officials briefed reporters late Sunday night on the new deal, just one hour before the deadline set to send a U.S.-Mexico deal to Congress.

The USMCA “includes ambitious new market access provisions for our farmers and ranchers,” according to the officials. It also includes provisions to make sure the deal does not get “stale and outdated”

Provisions address digital trade, establish groundbreaking intellectual property provisions, and combat currency manipulation.

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