WASHINGTON, Sept. 6 -- The Institute for Policy Studies issued the following news release:

The political and economic climate in which Canada, Mexico and the United States began the NAFTA renegotiations in 2017 has deteriorated drastically in 2018, with Canada recently being effectively shut out. In the last week of August a tweet from U.S. President Donald Trump announced that the acronym NAFTA would be buried forever to be replaced by a new deal, the U.S.-Mexico trade agreement.

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