President Donald Trump discusses the renegotiated NAFTA treaty during a White House press conference Monday.

Several business groups said Monday they were glad Canada will be included in a renegotiated North American Free Trade Agreement while noting they had not had time to go over the proposed deal in any detail.

The White House announced Sunday the new agreement would include both Canada and Mexico. President Donald Trump has threatened to leave Canada out of any new trade deal if the country did not agree to certain demands. Among the proposed changes is a new name—the United States-Mexico-Canada Agreement—new terms for automobile production, access to Canada's milk markets and revisions to labor and environmental regulations, according to a Washington Post analysis. Congress and lawmakers in Mexico and Canada must ratify the treaty before it takes effect.

Many associations praised the fact a deal had been reached but didn't go as far to endorse it wholeheartedly over the existing NAFTA treaty. A typical response was like that of the one delivered by the Alliance of Automobile Manufacturers: "While we still need to carefully review the text of this proposal, this is an encouraging development. The North American auto industry needs to have all three countries included in the agreement to realize the benefits and goals of a new pact."

Corn Refiners Association CEO John Bode called the proposed deal a "milestone" that is "very important to American farmers, ranchers, and agribusiness." He added CRA needed to further review the agreement.

Other associations offering cautious praise include the National Retail Federation, National Association of Manufacturers and American Apparel & Footwear Association. The National Council of Textile Organizations also said it needed to review the proposed treaty but noted the agreement's text has a separate textile and apparel chapter.

"This outcome is a tangible recognition by all three parties of the importance of textile manufacturing to the regional economy," NCTO CEO Auggie Tantillo said.

The American Dairy Coalition offered a more wholehearted endorsement, pointing to the Canadian pledge to lift some restrictions on milk sales in the country. The agreement also received praise from the American Iron and Steel Institute, which supports the U.S. steel tariffs that will remain in place if the treaty is ratified.

"We appreciate the administration's hard work to reach this trade agreement between the U.S., Canada and Mexico—especially regarding measures that ensure North American steel continues to be used in automobile production," AISI CEO Thomas Gibson said.

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