President Trump signed the USMCA trade deal on Wednesday making a major victory for his administration. This was a priority for President Trump when he took office and his administration saw it to completion.
According to The Hill:
President Trump on Wednesday signed the United-States-Mexico-Canada Agreement (USMCA) in a ceremony on the South Lawn of the White House, celebrating a signature legislative accomplishment on trade.
“Today, we are finally ending the NAFTA nightmare and signing into law the brand new US-Mexico-Canada Agreement,” Trump said in remarks Wednesday morning.
“The USMCA is the largest, fairest, most balanced and modern trade agreement ever achieved. There’s never been anything like it.”
With the signing of the legislation, Trump has followed through on a campaign promise of replacing the North American Free Trade Agreement (NAFTA), which he ridiculed as the “worst” trade deal throughout the 2016 campaign for the White House.
The USMCA has been approved by Mexico but is still awaiting ratification in Canada. There is no solid timetable on when this might happen by our neighbor to the north.