There’s a lot to digest in the new trade agreement that the United States, Mexico and Canada finalized in deadline-beating fashion on Sunday, starting with a name change: If the new deal is adopted by all three countries, the North American Free Trade Agreement will give way to the United States-Mexico-Canada Agreement or U.S.M.C.A.

It’s a cosmetic change for an otherwise consequential set of revisions.

“It’s not Nafta redone, it’s a brand-new deal,” President Trump said at the White House on Monday.