comScore
TRADE

Trump Nixes NAFTA (and Canada), Announces New ‘United States-Mexico Trade Agreement’

On Monday, the Trump administration announced a new, bilateral agreement between the United States and Mexico to rework portions of the North American Free Trade Agreement (NAFTA) as part of the President’s ongoing changes to American trade policy.

The President announced that the new “understanding”, one that does not involve Canada, shouldn’t be referred to as NAFTA, but instead ‘The United States-Mexico Trade Agreement.’

“We’ll get rid of the name NAFTA, has a bad connotation because the United States was hurt very badly by NAFTA for many years, and now it’s a really good deal for both countries, and we look very much forward to it,” he said.

President Donald Trump made the announcement in the Oval Office, with the outgoing Mexican President Enrique Peña Nieto in a somewhat haphazardly arranged speakerphone conference.

President Nieto’s remarks:

The agreement comes after a year of re-negotiations with Mexico, and the President said negotiations with Canada will begin soon. He added that he is speaking with Canadian Prime Minister Justin Trudeau “in a little while.”

“It’s an incredible deal for both parties,” said Trump of the new arrangements. “Most importantly it’s an incredible for the works and the citizens of both countries. Our farmers are going to be so happy.”

“My farmers, the farmers have stuck with me, and I said we were going to do this,” he said. “And Mexico’s promise to begin immediately start purchasing as much farm product as they can, they’re going to work on that very hard.”

NAFTA has been a wedge issue within the GOP, and one that Trump used as a political bludgeon on the campaign trail, calling it America’s “worst deal” many times.

On Monday morning, he tweeted that a deal would be coming today, and then later the administration set a time for that announcement.

Negotiations were intense over the weekend leading up to today’s announcement.

“Mr. President, you’ve been my friend, and you have been somebody that’s been very special in a lot of ways, we talked a lot, we talked a lot about this deal, and I’d like to congratulate you and the Mexican people,” said President Trump to President Nieto.

For his part, Nieto brought up Canada and his desire to bring Canada in on the deal several times, placing major emphasis on the necessity of their participation.

Watch the clips above, courtesy of Fox News.

[Featured image via screengrab]

Follow Caleb Howe (@CalebHowe) on Twitter

Have a tip we should know? tips@mediaite.com

Filed Under:
  1. Mediaite
  2. The Mary Sue
  3. RunwayRiot
  4. Law & Crime
  5. SportsGrid
  6. AmboTV
  7. Gossip Cop