President Trump has sealed a new NAFTA deal, revamping the twenty plus year old agreement to take into account a new economy. The Daily Caller reports:
U.S. President Donald Trump came closer to fulfilling a campaign promise late Sunday night as he reached a revamped trade deal with Canada and Mexico that will rework the North American Free Trade Agreement (NAFTA) after months of negotiations.
Hours before Sunday’s midnight deadline proposed by the U.S., Canada agreed to sign on to the newly named United States-Mexico-Canada Agreement, or USMCA, which will give the U.S. greater access to Canada’s dairy markets as well as require a larger percentage of cars to be manufactured in North America.
The deal will also include increased protections for workers in the U.S. and Canada.
“Mexico and Canada have agreed to strong new labor protections, environmental protections and new protections for intellectual property,” Trump said at a press conference Monday. “This new deal is an especially great victory for our farmers.”
This is a huge win for the Trump Presidency, who has staked a lot of his political capital on renegotiating trade deals to protect American workers.
