Donald Trump to sign trade accord with Mexico, Canada next week: White House

Donald Trump to sign trade accord with Mexico, Canada next week: White House

TheStatesman: US President Donald Trump is all set to sign the new North American trade pact with Mexico and Canada next week, according to the White House official on Thursday.

The USMCA, the fruit of years of negotiation between the three key trading partners, is billed as an update to the 1994 North American Free Trade Agreement, which Trump had long lambasted as a job killer and threatened to scrap outright.

Earlier NAFTA created a vast free-trade zone across North America, leading to radical shifts in the makeup of industries in the three countries and vastly increasing cross-border exchanges in goods, services and people.

On December 10, US House Democrats reached a tentative agreement with labor leaders and the White House over a rewrite of the US- Mexico-Canada trade deal that has been a top priority for President Trump.

 

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