Trump cast doubt on earth's rising temperature        UK Education: Ofsted to drop focus on exam results        widow spider closes seventh London school        United Arab Emirates charges student for spying        FEATURED PDP names Saraki Director-General of Atiku presidential campaign council        Nigeria elimination of safe havens for stolen assets, funds Nigeria call        Fayose’s lawyer, Fani-Kayode tells EFCC        “EFCC I’m Here” by Fayose        Manchester United manager charged over Newcastle comments        UniAbuja, top YIAGA Africa’s university youth affirmative        Huawei Mate 20 and Mate 20 Pro hands on: Enter the Matrix with the do-it-all Android phones        NYSC suspends Batch ‘C’ orientation course in Kaduna        Japan orders Facebook to improve data protection        Police declare monkeys wanted for stoning man to death        Marijuana, NYSC and Buhari’s unholy indulgence        Five corpers kidnapped on way to camp (PZTV)        How blockchain technology can help Nigerian banks reimagine banking        Why there are annoying ads on your TECNO phone and what you can do about it        AFIT 2018-2019 admission list for degree programmes        AFCON 2019 Qualifiers: 22 Eagles in Asaba camp        You’re selfish, ungrateful, Akeredolu tells civil servants        One of YouTube’s biggest creators is taking a burnout break        school heads to refund levies to pupils in Ekiti        ASUU strike demands urgent attention        manchester-united-insist-on-annual-revenue-record-        NYSC Debunks Increase in Corps Members’ Monthly Allowance        Popular Radio Presenter, Tosyn Bucknor is dead        2019: Ganduje, Shettima others heads APC Reconciliation Commitee        Buhari, Atiku, others to Participate in a presidential debate Scheduled for January 19        Google Duplex expands to ‘small group’ of Pixel owners        MIT researchers create plane that flies without any moving parts        Nigerian students Seeking Visa lament sad experiences at US embassy        ASUU Vows to Continue Strike Until Demands are Met        BREAKING NEWS: Al Shabaab Gunmen, Suicide Bomber Kill Cleric, 14 Others in Somalia        Ezekwesili Expresses Readiness to Eradicate poverty and Fight for Rights of Nigerians        BREAKING NEWS: PDP Senator Defects to APC        House Summons Fashola over Poor State of Nigerian Roads and Bridges        2019: Yoruba Leaders Hold Colloquium        Three days to deadline for submission of candidates’ names, defections hit APC        Plateau lawmaker forged our certificate, Unijos registrar insists        Buhari condoles with Rivers over collapsed building        US, Mexico, Canada sign new trade deal        Man hits landlord with chair while resolving conflict        Northern elders fault Afenifere’s call for sack of Service Chiefs over Boko Haram Menace        TEF Entrepreneurs Emerge Winners in Google Impact Challenge        Buhari: We Will Not Rest Until Remaining Chibok Girls are Reunited with their Families        Sokoto rally: We are wiser, youths tell PDP        Okorocha’s In-Law Campaigning with Buhari’s Image Despite Leaving APC        Saraki sold our mandate for a pot of porridge – Tinubu        Nigerians and the god of money        Ogun hunters demand salaries to fight terrorism        Falana faults PDP, APC govts on INEC autonomy        2019 polls: I’m not neutral but will continue to speak against evil – Obasanjo        Overrule Buhari on Electoral Bill, Agbakoba urges National Assembly        Four killed as school bus mounts pavement, trapping passers-by        ASUU accuses UNILAG, UNIOSUN of intimidating lecturers       

Blog Details

  • Home -
  • US, Mexico, Canada sign new trade deal
US, Mexico, Canada sign new trade deal
  • 30 Nov
  • 2018

US, Mexico, Canada sign new trade deal

The leaders of the United States, Mexico and Canada on Friday signed a new trade deal replacing the old NAFTA in a triumph for President Donald Trump who insisted on what he said were better conditions for US workers.

“This is a model agreement that changes the trade landscape forever,” Trump said at the signing ceremony in Buenos Aires, on the sidelines of a summit between the leaders of the G20 countries.

Trump said negotiating the deal known as the USMCA had seen the leaders take “a lot of barbs and a little abuse.”

But he insisted that the “incredible milestone” would aid US workers, especially in the auto industry, while putting in place “intellectual property protection that will be the envy of nations all around the world.”

Canadian Prime Minister Justin Trudeau was less effusive about the renegotiated regional trade deal, but said the USMCA would resolve the threat of “serious economic uncertainty” that “would have gotten more damaging.”

While praising the “historic” nature of the deal, Trudeau also told Trump that the progress gave “all the more reason why we need to keep working to remove the tariffs on steel and aluminium between our countries.”

Mexican President Pena Nieto, on his last day in office, called the revamped version of NAFTA important in shoring up “the view of an integrated North America with the firm belief that together we are stronger and more competitive.”

For Trump — whose G20 diplomacy is overshadowed by legal troubles back home and his abrupt cancellation of a bilateral meeting with Russian President Vladimir Putin — the signing was a victory.

He said he did not foresee a problem in getting congressional approval. “It’s been so well reviewed I don’t expect to have very much of a problem,” he said.

The USMCA “marks a critical step in modernizing and rebalancing North American trade,” US Treasury Secretary Steven Mnuchin said in a statement.

“The new agreement secures strong outcomes for farmers, ranchers, businesses, and workers across North America, including in areas such as auto manufacturing and intellectual property.”

No Comment Found