President Trump is touting his administration’s new trade deal with Canada and Mexico, calling it a new dawn for the American worker.
During a Rose Garden address Monday, the president said the United States-Mexico-Canada Agreement (USMCA) is the largest and most historic trade deal ever made.
He said the deal will terminate NAFTA, which he criticized as one of the worst trade deals ever made.
President Donald Trump speaks as he announces a revamped North American free trade deal, in the Rose Garden of the White House in Washington, Monday, Oct. 1, 2018. The new deal, reached just before a midnight deadline imposed by the U.S., will be called the United States-Mexico-Canada Agreement, or USMCA. It replaces the 24-year-old North American Free Trade Agreement, which President Donald Trump had called a job-killing disaster. (AP Photo/Pablo Martinez Monsivais)
The president argued the USMCA focuses on fairness and reciprocity. The deal sets new protections for labor, the environment, and intellectual property.
He added, the deal will close job-killing loopholes, which he says will be a great victory for American farmers, manufacturers and autoworkers.
Despite the agreement, President Trump confirmed U.S. tariffs on steel and aluminum imports will remain in place.
He plans to sign the deal next month before sending it to Congress for approval.
Source: One America News Network.
