President Trump Reaches Trade Deal With Canada

Back in August, Trump announced that the US reached a preliminary NAFTA deal with Mexico. Trump made the announcement with Mexican President Enrique Peña Nieto on the phone. At the time, Trump acknowledged that the next step would be incorporating Canada– unless it wanted to go with a completely separate agreement.

Upon the news, a spokesperson for Canada’s minister of foreign affairs said:

“Canada is encouraged by the continued optimism shown by our negotiating partners. Progress between Mexico and the United States is a necessary requirement for any renewed NAFTA agreement. We are in regular contact with our negotiating partners, and we will continue to work toward a modernized NAFTA. We will only sign a new NAFTA that is good for Canada and good for the middle class. Canada’s signature is required.”

Pres. Trump has conference call with Mexican President Enrique Peña Nieto to congratulate him on new trade deal: “I thought we would congratulate each other before it got out, & I know we will have a formal news conference in the not-too-distant future." https://t.co/MKggitgOVx pic.twitter.com/d6cqfnaMzU

— CBS News (@CBSNews) August 27, 2018

“It is our wish, Mr. President, that now Canada will also be able to be incorporated in all of this .. And I assume that they are going to carry out negotiations of the sensitive bilateral issues between Canada and the United States," Peña Nieto says https://t.co/MKggitgOVx pic.twitter.com/6c6FQSh3KT

— CBS News (@CBSNews) August 27, 2018

"I really hope… that the part [of the trade deal] with Canada will be materializing in a very quick fashion," Mexican President Enrique Peña Nieto says on the phone with President Trump https://t.co/MKggitgOVx pic.twitter.com/QOc8tmb56u

— CBS News (@CBSNews) August 27, 2018

It sounds like we’ve reached an agreement after all.

Late last night, our deadline, we reached a wonderful new Trade Deal with Canada, to be added into the deal already reached with Mexico. The new name will be The United States Mexico Canada Agreement, or USMCA. It is a great deal for all three countries, solves the many……

— Donald J. Trump (@realDonaldTrump) October 1, 2018

….deficiencies and mistakes in NAFTA, greatly opens markets to our Farmers and Manufacturers, reduces Trade Barriers to the U.S. and will bring all three Great Nations together in competition with the rest of the world. The USMCA is a historic transaction!

— Donald J. Trump (@realDonaldTrump) October 1, 2018

Congratulations to Mexico and Canada!

— Donald J. Trump (@realDonaldTrump) October 1, 2018

Via Breitbart:

The U.S., Mexico, and Canada came to a late-hours agreement Sunday to create a trilateral trade deal to replace NAFTA that is being deemed the USMCA, U.S.-Mexico-Canada Agreement.

Senior Trump administration officials briefed reporters late Sunday night on the new deal, just one hour before the deadline set to send a U.S.-Mexico deal to Congress.

The USMCA “includes ambitious new market access provisions for our farmers and ranchers,” according to the officials. It also includes provisions to make sure the deal does not get “stale and outdated.”

Provisions address digital trade, establish groundbreaking intellectual property provisions, and combat currency manipulation.

Trump will be holding a news conference around 11 am ET.