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.
More @ South China Morning Post
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