President Trump announced an overhaul to the North American Free Trade Agreement (NAFTA), including a new name change to the deal.
This checks-off another box in his “Promises Made – Promises Kept” list. He has demonstrated a desire to do the things that he said he was going to do during his 2016 campaign.
During a press conference via speaker phone in the oval office with Mexico’s president, the president said it will be called the United States-Mexico Trade Agreement. The media will no doubt criticize the president for making a deal without Canada being involved. But in truth, during his campaign, he said that better deals could be made bilaterally.
Above photo: President Donald Trump talks on the phone with Mexican President Enrique Pena Nieto, in the Oval Office of the White House, Monday, Aug. 27, 2018, in Washington. Trump is announcing a trade “understanding” with Mexico that could lead to an overhaul of the North American Free Trade Agreement. Trump made the announcement Monday in the Oval Office, with Mexican President Enrique Pena Nieto joining by speakerphone. (AP Photo/Evan Vucci)
During the press conference President Trump added, the move will be an “incredible deal” for both countries, especially for the manufacturing and farming industries.
Canada, which is a part of NAFTA, was not part of the announcement. However, the president affirmed negotiations with Canada will begin “very shortly.”
“They used to call it NAFTA, we’re going to call it the United States-Mexico Trade Agreement and we’ll get rid of the name NAFTA, that’s a bad connotation because the United States was hurt very badly by NAFTA for many years, and now it’s a really good deal for both countries,” stated President Trump.
U.S. Trade Representative Robert Lighthizer also said the deal will be likely signed-off in November and sent to Congress on Friday.
Source: One America News Network.
