The American International Automobile Dealers Association announced Monday that they have accepted a new trade pact.

AIADA said it has welcomed the news that the United States, Canda and Mexico have all agreed to a revamped version of the North American Free Trade Agreement, which is called the United States-Mexico-Canada Agreement.

They say the new treaty could be signed by all countries within 60 days and will then will need to be passed by Congress.

 AIADA President and CEO Cody Lusk issued the following statement:

Uncertainty is the enemy of business, large and small. Today’s announcement of a trilateral agreement between the U.S., Canada, and Mexico allows the entirety of the auto industry, from manufacturers to hometown dealers, to once again plan for the future. AIADA’s 9,600 dealer members look forward to learning additional details about the pact, and its impact on the auto sector, in the coming weeks. We remain deeply concerned over the Department of Commerce’s ongoing 232 investigation, and the threat of massive new tariffs on imported autos and parts. Dealers will continue to urge the Trump Administration and Congress to pursue positive trade policies that keep the American auto industry open, dynamic, and competitive.

AIADA says America's 9,600 international nameplate auto dealers employ more than 577,000 Americans.

State reactions to the pact are listed below.

U.S. Senator Rob Portman:
"I'm pleased the administration has reached an agreement with Canada to modernize NAFTA, a goal I've long supported. This is good news following the recent announcement of an agreement with Mexico. I look forward to seeing the details of the agreement, but from what I know, when combined with the new agreement with Mexico, it will help Ohio workers, farmers and businesses by leveling the playing field on trade and expanding the export of American-made products. This is critical to continuing the positive momentum in our economy and creating more jobs. Of note, I am pleased to see a commitment to address potential Section 232 tariffs on car imports from Canada. As I have said, I do not believe this is the proper use of the national security exception in Section 232.  In addition, it is important that the digital trade chapter includes explicit and clear references to FOSTA/SESTA and the significance of combatting online sex trafficking and the sexual exploitation of children.  I congratulate President Trump and Ambassador Lighthizer for their hard work throughout these talks, and I look forward to reviewing the agreement in detail in the coming days and weeks."