President Trump has announced a new free trade agreement with Mexico, which will be revealed in the following days. Fox News reports:
President Trump on Monday said he plans to terminate the existing North American Free Trade Agreement, as he announced a new agreement between the United States and Mexico that he described as “one of the largest trade deals ever made.”
“I’ll be terminating the existing deal and going into this deal,” the president said in the Oval Office, calling it a “big day for trade.”
But the president said Monday “we’ll see” if Canada can still be part of the trade pact, leaving open the possibility of separate agreements.
“We are starting negotiations with Canada pretty much immediately,” Trump said.
Trump campaigned on NAFTA being “unfair”, and this new trade deal could end up renewing American industrialization and grow the Mexican economy as well.