US-Mexico trade agreement sends S&P and Nasdaq to new records

The S&P and Nasdaq each set records, and auto stocks got a lift.

The deal would rewrite parts of NAFTA, the three-country trade deal. US Trade Representative Robert Lighthizer said he expects Canada to sign on.

The agreement would require that 75% of the parts in any car sold in North America be produced in the United States or Mexico to be exempt from tariffs. The existing threshold is 62.5%.

Source: US-Mexico trade agreement sends markets to record highs

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