WASHINGTON (AP) – President Donald Trump is celebrating his latest revamped trade agreement with America’s two neighbors and is calling the pact for the United States, Mexico and Canada the United States, Mexico, Canada Agreement (USMCA).
He said Monday the deal has a “good ring to it,” repeating U-S-M-C-A several times.
The agreement was reached late Sunday and gives U.S. farmers greater access to the Canadian dairy market but keeps the former North American Free Trade Agreement dispute-resolution process that the U.S. wanted to jettison.
Speaking from the White House Rose Garden President Trump said, “Without tariffs we wouldn’t be talking about a deal.”
Trump calls critics of his tariff policies, including some lawmakers in Congress, “babies.” He adds it is those moves that have brought American trading partners to the negotiating table. Trump says tariffs are pushing the European Union, Japan and South Korea to seek out new trade agreements with the U.S.
WATCH:
President Trump Delivers Remarks on the United States-Mexico-Canada Agreement https://t.co/hZFMxLBTi9
— The White House (@WhiteHouse) October 1, 2018
Speaking from the White House Rose Garden President Trump said, “Without tariffs we wouldn’t be talking about a deal.”
Trump calls critics of his tariff policies, including some lawmakers in Congress, “babies.” He adds it is those moves that have brought American trading partners to the negotiating table. Trump says tariffs are pushing the European Union, Japan and South Korea to seek out new trade agreements with the U.S.
Mexico’s future foreign relations secretary says the new trade agreement between Mexico, the United States and Canada “provides certainty for financial markets, investment and job creation.”
Marcelo Ebrard also acknowledged Monday “some of the new regulations, like the changes in the content rules, may pose some challenges for companies to adapt to.”
