Trump Has Signed a Trade Pact with Canada and Mexico

Trump Has Signed a Trade Pact with Canada and Mexico

Trump Has Signed a Trade Pact with Canada and Mexico

The new agreement has been touted as a way to better serve the interests of American workers, farmers, ranchers and businesses by encouraging mutually beneficial trade, leading to freer markets and fairer trade.

"The president and Congress, including almost all of our delegation here in Wisconsin, deserve congratulations for working so hard on this vital agreement", Dairy Business Association Vice President Amy Penterman said.

"Today, we are finally ending the NAFTA nightmare and signing into law the brand-new US-Mexico-Canada Agreement", Trump told the crowd. Canada will increase quotas on USA dairy products, benefitting American dairy farmers by $242 million.

The influential United Autoworkers said the new deal would not restore hundreds of thousands of USA manufacturing jobs lost to Mexico after NAFTA, and vowed to be aggressive in pushing for enforcement of the trade agreement's provisions.

The USMCA, crafted over years of negotiation between the three countries, replaces the 1994 North American Free Trade Agreement, or NAFTA.

National Cattlemen's Beef Association President Jennifer Houston said, "This is a great day for America's cattle producers and we were once again honored to participate in another great victory for our industry".

The roughly 400 invited guests included business leaders, Republican lawmakers and two top officials from Mexico: Foreign Secretary Marcelo Ebrard and Economy Secretary Graciela Marquez, Efe news reported.

He promises a "glorious future" for the USA industry. "I thank President Trump for inviting me to attend today's signing, and for his strong support of our ag producers and manufacturers". But the White House declined to invite any of the House Democrats who helped Trump secure his biggest trade deal.

House Democrats sat on the deal for a year, saying they wanted stiffer protections for workers and the environment and a way to enforce those provisions. The new agreement, for example, requires automakers to get 75% of their production content (up from 62.5% in NAFTA) from within North America to qualify for the pact's duty-free benefits.

"I had the honor to join President Trump at the White House this morning for the signing of the USMCA", said Rounds.

In 2018, Canada and Mexico took more than 40 percent of the pork that was exported from the United States and a similar volume is expected in 2019.

Still, environmentalists opposed it. Wenonah Hauter, the executive director of Food & Water Action, said the deal "spells disaster for food safety, air and water quality, and climate change" because it asks little of the parties by way of conservation.

The president wasn't wasting any time highlighting the deal in battleground states that will determine who wins this year's presidential election. Indeed, while a third of the public approves of the deal and only 5% disapprove, a solid majority, 61%, have not formed an opinion, according to a recent poll conducted by Monmouth University.

Related news



[an error occurred while processing the directive]