Trump Joins Leaders of Canada, Mexico to Sign New Trade Pact

Trump Joins Leaders of Canada, Mexico to Sign New Trade Pact

The USMCA, as Trump refers to it, must still be approved by lawmakers in all three countries.

The pact with Mexico and Canada stands as a "model agreement that changes the trade landscape forever", he said at a signing ceremony with the other leaders Friday in Buenos Aires, Argentina.

Canada's dairy lobby urged Trudeau this week not to sign the agreement unless it was changed to give the USA less influence over the industry.

The opposition Democrats take control of the House in January.

Democrats have signaled they won't support the deal without additional protections for workers, though it calls for some more safeguards than the agreement it would replace.

"It is really an incredible way to end a presidency", Trump said to Pena Nieto, promoting applause from the Mexican officials in the audience. He opted not to hold up the agreement to showcase the leaders' signatures.

He also claimed the USMCA - as he named the replacement for NAFTA - would bring back USA auto jobs and was 'an incredible deal for our farmers'.

Once in office, Trump tried to play hardball with his negotiating partners, but eventually, representatives from Canada, the United States and Mexico came up with some relatively minor changes to NAFTA that leave the basic structure of the deal in place.

He says the new agreement lifts the risk of economic uncertainty that lingers throughout the trade renegotiation process.

During a speech Friday, the president called the new agreement one of the largest deals to re-balance trade in recent history. He called the deal by its old name NAFTA, prodded Trump over U.S. steel and aluminium tariffs, and said General Motors Co's decision to cut production and slash its North American workforce, including in Canada, was a "heavy blow".

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Both changes are created to encourage more auto production in the United States in a reflection of U.S. President Donald Trump's "America First" mantra. We've taken a lot of barbs and a little abuse, and we got there.

Mexico's outgoing President Enrique Pena Nieto was warmer.

"This has been a battle", Trump said in remarks right before the leaders put pen to paper. The U.S. dairy industry would get more access to the protected Canadian market, and there are new rules for companies in the digital economy.

Trudeau has shown contempt for the USMCA name, saying sarcastically at a Toronto business convention in October that the new name made a "big" difference in its quality. The United States, for its part, wants Canada and Mexico to accept quotas that would force them to export less of the metals to the United States, said sources briefed on the negotiations.

Since then, the three sides have bickered over the wording and the finer points of the deal and still had not agreed just hours before officials were due to sit down and sign it as the G20 summit kicks off in Buenos Aires.

Somewhat undercutting Trump's claim that Moscow's hostile actions were to blame for the newest tension between the United States and Russia, White House press secretary Sarah Huckabee Sanders gave summit reporters a statement blaming the special counsel's probe for straining U.S. -Russia relations.

"I believe that if we don't see more progress at these talks I think Trump will move forward with even higher tariffs on China", Moore warned.

President Trump "exchanged pleasantries" with Saudi Arabia's Crown Prince Mohammed bin Salman Friday amid lingering fallout from the murder of dissident Saudi journalist Jamal Khashoggi.

Trump showed that the Russian Federation investigation was testing his ability to stay focused on summit business after he blasted the investigation in a fresh tweet on Friday, again calling it a "Witch Hunt!"

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