Business this week

The United States and Mexico reached a deal on revising the North American Free Trade Agreement. Mexico made several concessions, notably on car manufacturing, which America had demanded in order to boost its own automotive industry. President Donald Trump suggested that Canada, the other partner in NAFTA, had little choice but to accept the revised accord and said that he might impose new tariffs on its car industry if it did not. Some Republicans chafed at that; a trilateral NAFTA would get a smoother ride in Congress than a bilateral deal with Mexico. See article.