n this November 2018 photo, then-President Donald Trump arrives to deliver a statement, along with then-Mexican President Enrique Pena Nieto and Canadian Prime Minister Justin Trudeau, on the signing of a new free trade agreement in Buenos Aires, Argentina. Saul Loeb/AFP/Getty Images/File Washington CNN — President-elect Donald Trump’s frequent calls for new tariffs on foreign goods may have overshadowed another massive trade-related pledge he made about a month before the November election: renegotiate the US-Mexico-Canada Agreement. Known as the USMCA, the trade deal was negotiated by the first Trump administration and replaced the quarter-century-old North American Free Trade Agreement, or NAFTA, in 2020. A review of the trade pact was expected in 2026 regardless of Trump’s pledge, due to a requirement in the agreement.