President Donald Trump has announced that the U.S. and Mexico have come to an agreement in the years-long renegotiation of the North American Free Trade Agreement. Early this morning the President Tweeted “A big deal looking good with Mexico!”
The Tweet was followed up with a press conference this morning announcing a deal had been struck with Mexico. The agreement will not be known as NAFTA. President Trump said the new deal would be called the United States Mexico Trade Agreement. Trump said the term NAFTA “has a bad connotation because the U.S. was hurt
Details are still emerging about the new trade agreement, and the President said that U.S. farmers and ranchers would benefit from the deal along with auto manufacturers and workers.
The question that remains is what about Canada? The President said that he would be calling Canadian Prime Minister Justin Trudeau to start pressing the Canadian negotiations along.
The U.S. and Mexico are looking to finish negations before December 1st when Mexico’s new president takes office.
Updates of the trade agreement and details will follow.