Trump: New Trade Deal with Canada, Mexico to Boost U.S. Growth
- President Donald Trump on Wednesday 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.
"This is a cutting-edge, state-of-the-art agreement that protects, defends, and serves the great people of our country,” 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 U.S.A.”
Canada and Mexico already represent the top two export markets for U.S. goods. But the new pact, along with the signing of a “phase one” agreement with China, dials down trade tensions that contributed to slowing economic growth globally.