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US retailers welcome new US-Mexico-Canada trade deal

Walmart logo is seen at a store in Mountain View, California, United States.
Getty Images

A top American retail industry group - whose members include Target, Walmart, Home Depot, and Gap - has welcomed news that the US, Mexico, and Canada have finalised a new trade deal.

The Retail Industry Leaders Association said "The certainty this newly negotiated deal brings will allow retailers to invest, plan for the future, create jobs, and provide their customers with the widest possible selection of affordable and quality products”.

The statement came after representatives from the three countries signed the pact in Mexico that will replace the 25-year-old North American Free Trade Agreement.