Trump Signs Huge Trade Deal

REBALANCING OUR TRADE RELATIONSHIP: President Donald J. Trump kept his promise to deliver a modern and rebalanced trade deal to replace NAFTA.

  • Today in Argentina, the United States is joining Canada and Mexico to sign a new trade agreement that will better serve the interests of American workers and businesses.
    • This follows the President’s announcement in October that a deal had been reached.
  • The new United States–Mexico–Canada Agreement (USMCA) will replace the outdated, failed North American Free Trade Agreement (NAFTA).
  • With the signing of this agreement, President Trump has delivered on his promise to renegotiate NAFTA and protect American farmers, ranchers, businesses, and workers.

SECURING A STRONGER DEAL FOR AMERICAN INDUSTRIES AND WORKERS: USMCA is a stronger deal for American farmers, ranchers, businesses, and workers.

  • USMCA will help incentivize billions of dollars in additional vehicle and auto parts production in the United States.
  • The agreement includes updated rules of origin that require 75 percent of auto content to be produced in North America.
  • American autoworkers will benefit from rules that incentivize the use of high-wage manufacturing labor in the auto sector.
    • This includes a requirement that 40-45% of a vehicle consist of content manufactured by North American workers making at least $16 per hour.
  • USMCA’s labor and environment chapters are fully enforceable and represent the strongest labor and environmental provisions of any trade agreement ever negotiated.
    • Mexico agreed to historic labor reforms to provide for genuine collective bargaining.
    • The agreement prohibits the importation of goods produced by forced labor.
  • The agreement includes provisions that allow agriculture products to be traded more fairly.
    • Canada will end its “Class 6” and “Class 7” programs that allow low-priced dairy products to undersell American dairy producers.
    • Canada will increase market access for United States dairy products, eggs, and poultry.

REFORMING TRADE FOR THE 21ST CENTURY: USMCA modernizes our trade relationship with Canada and Mexico to reflect the realities of the 21st century. 

  • The new agreement includes a modernized chapter that provides stronger and more comprehensive intellectual property protections than any prior United States trade agreement.
    • These protections are vital to promoting innovation and economic growth.
    • USMCA includes robust copyright protection, 10 years of data protection for biologic drugs, and new protections against the theft of trade secrets.
  • USMCA includes the strongest digital trade and financial services provisions of any United States trade agreement.
    • New rules ensure that data can be transferred cross-border and that limits on where data can be stored are minimized.
  • USMCA will cut red tape at the border, streamline trade, and reduce regulatory uncertainty.
  • The agreement includes a currency chapter that will help reinforce transparency and stability.
Shared from whitehouse.gov
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Ltpar
Ltpar
5 years ago

Is this the one doubters said would never happen? Another promise made, another promise kept. Great job Mr. President. Now on the the same thing with China.

Jane Binkley
Jane Binkley
5 years ago

Thank you so much mr. president for looking out for the American worker.

ONTIME
ONTIME
5 years ago

Now to make the trade agreement with China, one that they understand there will be no more cyber theft from them and a better treatment,, respect for US manufacturing firms on their soil and the treatment of goods from the US to be reciprocal…a trust but verify agreement and penalty for abusing the trust…..China’s rep in the trade world is well known, it’s time they made major improvement in the way other countries are treated by their rules……

Larry OBrien
Larry OBrien
5 years ago

Wonder how CNN will “downplay” this one ??

Carolyn Goodin
Carolyn Goodin
5 years ago

A New Hashtag for the Trump Administration 2020 election campaign: “Promises Made, Promises Kept” How refreshing! Carry on Mr. President. KAG!! Trump/Pense 2020

John
John
5 years ago

This guy is GREAT! Who knew a politician could keep so many promises….If he were to read my comment he might get mad I referred too him as a politician. because hes not..Hes Americas CEO!
Thank you Mr President!

Keith D
Keith D
5 years ago

WINNING!!!!!!!!!!!

Fr Tom Martin
Fr Tom Martin
5 years ago

Nothing but the best from the gm

Fr Tom Martin
Fr Tom Martin
5 years ago

Knew he would’

Fidel
Fidel
5 years ago

Bill Clinton sold Americans out with NAFTA. Not to mention many other crimes against people across the globe. This Loser Clinton should be locked up with a rapist. MAGA DJT

john
john
5 years ago

America should NOT trade with Mexico, it uses it’s citizens as under paid slaves, that’s why we are saddled with 40+ million of the bastards!

zee
zee
5 years ago
Reply to  john

Lighten up^ , john. It’s Ok & Good. !!! & NOW,
Forthright Co’s NEED Work ‘it’ – TheRite Way.

zee
zee
5 years ago

******KUDOS ! Mr. PRESIDENT DJT USA. ****** & perhaps
More than 6 *’s, IN Negotiating SKILL.

zee
zee
5 years ago
Reply to  zee

haha ps. MORE Than 6*s !!! Mr. Pres.
8* 10* 12* 13* & beyond ? Need to know my
‘numerology’ a bit Better. Stay Strong, Mr. DJT,
STAY STRONG & ‘Guided’. “Vaya Con Dios”.

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