Home 2020 President Trump, “New Trade Deal With Canada, Mexico to Boost US Growth”

President Trump, “New Trade Deal With Canada, Mexico to Boost US Growth”


Wednesday, President Trump signed into law a major rewrite of the rules of trade with Canada and Mexico that he said replaces the “nightmare” of a Clinton-era agreement and will keep jobs, wealth and growth in America.

President Trump made renegotiating the North American Free Trade Agreement a priority during his Y 2016 campaign.

“This is a cutting-edge, state-of-the-art agreement that protects, defends, and serves the great people of our country,” President Trump said in an outdoor signing ceremony at the White House, where the invitation list included more than 70 Republican members of Congress but no Democratic legislators. “Together we are building a glorious future that is raised, grown, built and made right here in the glorious USA.

Canada and Mexico already represent the Top 2 export markets for US goods. But the new pact, along with the signing of a “Phase 1” agreement with China, dials down trade tensions that contributed to slowing economic growth globally.

The leaders of the US, Canada and Mexico signed the deal in late Y 2018. Legislation implementing it received overwhelming, bipartisan support in Congress after several months of negotiations between Democratic lawmakers and The Trump Administration.

President Trump made a point of praising Republican legislators for their work in passing the deal but did not mention the role of Democrats, who said that even if they were not invited to the signing ceremony, their influence was being felt.

Making and Keeping America Great!

Previous articleThe Secrets to Healthy Aging
Next articleAustralia: S&P/ASX 200 (.AXJO) managed to take back part of its coronavirus-related losses
S. Jack Heffernan Ph.D. Economist at Knightsbridge holds a Ph.D. in Economics and brings with him over 25 years of trading experience in Asia and hands on experience in Venture Capital, he has been involved in several start ups that have seen market capitalization over $500m and 1 that reach a peak market cap of $15b. He has managed and overseen start ups in Crypto, Mining, Shipping, Technology and Financial Services.