Replacement for NAFTA will make U.S. a ‘manufacturing powerhouse’ and opens up Canada to American milk and ice cream boasts Trump as he warns steel tariffs WILL stay in place
The U.S., Canada and Mexico have been negotiating the terms of a revised North America Free Trade Agreement for more than a year
The Trump administration announced a deal had been reached late Sunday night
The new pact is being called the United States-Mexico-Canada Agreement
The agreement is a giant step toward Trump delivering on his key campaign promise to overhaul NAFTA
Prime Minister Justin Trudeau also praised the new deal as he left an emergency Cabinet meeting late Sunday, telling reporters: ‘It’s a good day for Canada’
By MEGAN SHEETS and DAVID MARTOSKO
DAILYMAIL.COM
1 October 2018
Donald Trump said Monday that not for his tariffs the United States wouldn’t have been able to reach a trade deal with Mexico and Canada.
Trump said he’d sign the new deal at the end of November.
‘By the way, without tariffs we wouldn’t have gotten a deal. That’s for those babies out there,’ he said at a Rose Garden news conference where he claimed the deal would turn the United States into a manufacturing powerhouse.
Trump also claimed that jobs and cash would be flooding into the United States, as a result of the deal that he boosted as a boon to American farmers, especially when it comes to milk and ice cream.
Trump on Monday morning was boasting about the 11th-hour reformulation of the Clinton-era NAFTA trade pact as the United States Mexico Canada Agreement.
Late last night, our deadline, we reached a wonderful new Trade Deal with Canada, to be added into the deal already reached with Mexico. The new name will be The United States Mexico Canada Agreement, or USMCA,’ the president wrote in a pair of tweets.
‘It is a great deal for all three countries, solves the many deficiencies and mistakes in NAFTA, greatly opens markets to our Farmers and Manufacturers, reduces Trade Barriers to the U.S. and will bring all three Great Nations together in competition with the rest of the world. The USMCA is a historic transaction!’
The three North American nations agreed Sunday night to replace the North America Free Trade Agreement following a year of agonizing negotiations.
The Trump administration announced the new pact – which is being called the United States Mexico Canada Agreement – mere hours before a self-imposed September 30 deadline.
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