Trump hails new trade deal with Mexico and Canada as ‘historic news for our nation and indeed for the world’ | News Sponsored by TrumpShop.net

Oct 01, 18
Trump hails new trade deal with Mexico and Canada as ‘historic news for our nation and indeed for the world’ | News Sponsored by TrumpShop.net

Erica Werner Congressional reporter focusing on economic policy October 1 at 12:25 PM President Trump on Monday hailed the major revisions he was able to extract from Canada and Mexico to the 25-year-old North American trade agreement, as business executives, labor leaders, and lawmakers began poring over details. “Throughout the campaign I promised to renegotiate NAFTA and today we have kept that promise,” Trump said at a Rose Garden news conference. Calling the deal “truly historic,” Trump pledged: “It will transform North America back into a manufacturing powerhouse.” The White House, as well as leaders from Canada and Mexico, announced they had inked the deal late Sunday after Canada’s 11th hour agreement. But congressional approval is uncertain, particularly if Democrats retake control of the House in the November midterm elections. Trump was able to force Canada and Mexico to make major concessions from their initial position, but in the end the White House pulled back from some of its most stringent demands, including the possibility of terminating the North American Free Trade Agreement entirely. Business groups appeared to mainly breathe a sigh of relief, in part because Trump had floated the prospect of replacing the North American Free Trade Agreement (NAFTA) with a deal between just the U.S. and Mexico, cutting Canada out of the final discussion. It was unclear if this would be legal or practical, but it injected uncertainty into the outlook for hundreds of businesses, something that has now been alleviated. [U.S., Canada and Mexico just reached a sweeping new deal. Here’s what’s in it] “We stand ready to be a collaborative partner to ensure this agreement is ratified in all three markets because it will support an integrated, globally competitive automotive business in North America,” said Joe Hinrichs, executive vice president of Ford Motor Company. “The benefits of scale and global reach will help to drive volume and support manufacturing jobs.” Congressional GOP leaders, who generally like NAFTA, applauded the announcement of the new deal, with some saying it validated Trump’s approach to trade policy. Many Republicans had winced at Trump’s repeated threats to terminate NAFTA, and had strongly opp

Click Read More to go to where the original article came from which helped to generate this article preview for commentary unto which we give FULL credit to the original author. See disclaimer:

We post the latest and greatest in liberty-themed news, debate, and commentary! Our goal is to have an open discussion regarding current events going on in the world. FAIR USE NOTICE: The use of media materials featured on this channel is protected by the Fair Use Clause of the U.S. Copyright Act of 1976, which allows for the rebroadcast of copyrighted materials for the purposes of commentary, criticism, or education. If any copyright owner has an issue or concern with a specific article or the statutory 25%-of-article rule, please send us an e-mail to request prompt removal or other arrangements.

Click here to go to TrumpShop.net and get the latest political clothing, accessories, and more!

Click here to go to Seek Liberty Youtube Channel and watch the latest liberty loving videos out there!

Leave a Comment


Exclusive 10% Discount

Join our Email List and get 10% OFF on your first order.