In most cases, the announcements seem at least loosely tied to the transition in the White House from Barack Obama to Donald Trump. Trump has promised to be the greatest jobs president God ever created, and he's renowned for using Twitter to shame companies that move U.S. jobs to other countries. He's also given high-profile plugs to companies when they say they will boost employment in the U.S.
Trade agreement. Trade agreement, any contractual arrangement between states concerning their trade relationships. Trade agreements may be bilateral or multilateralâthat is, between two states or more than two states. 1  For most countries international trade is regulated by unilateral barriers of several types, including tariffs, nontariff barriers, and outright prohibitions.
The North American Free Trade Agreement (NAFTA; Spanish: Tratado de Libre Comercio de AmÃ©rica del Norte, TLCAN; French: Accord de libre-Ã©change nord-amÃ©ricain, ALÃ©NA) is an agreement signed by Canada, Mexico, and the United States, creating a trilateral trade bloc in North America.