Monday, October 1, 2018

Donald Trump celebrates Nafta replacement as ‘historic’ trade agreement with Canada and Mexico


The agreement largely spared Canada and Mexico from threatened auto tariffs, which the Trump administration is still studying; the deal could score political points for Trump ahead of the midterm elections in November


President Donald Trump celebrated a trade deal with Canada and Mexico to replace Nafta as a “historic” win that vindicated his strategy of threatening tariffs on trade partners.

Trump called the accord “the most important trade deal we’ve ever made by far.” He predicted the renamed US-Mexico-Canada Agreement, or USMCA, would “easily” pass Congress after he signs it by late November.

The new agreement makes modest revisions to a trade deal Trump once called a “disaster,” easing uncertainty for companies reliant on tariff-free commerce among the three countries.

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