Posted on 10/01/2018 8:53:40 AM PDT by yesthatjallen
President Trump on Monday took a victory lap after his administration secured a last-minute deal with Canada to salvage the three-nation North American Free Trade Agreement (NAFTA).
Surrounded by top administration officials in the White House Rose Garden, Trump called the re-worked agreement "the most important trade deal we've ever made by far."
The president said it fulfills his campaign pledge to replace NAFTA, which he called "perhaps the world trade deal ever made."
"Today, we have kept that promise" he said. "Truly historic news for our nation and indeed the world."
Trump claimed the deal validates his hard-line stance on trade and suggested it could improve the U.S.'s leverage in negotiations with China and the European Union.
"Without tariffs, we wouldn't be talking about a deal, ust for those babies out there that keep talking about tariffs," he said.
The announcement represents a significant victory for Trump, who constantly railed against the quarter-century-old trading pact with Mexico and Canada. Stocks rose Monday on news of the agreement.
The new deal will require that 75 percent of components of a car or truck be manufactured in the U.S., Canada or Mexico to qualify for tariff-free status under the deal. It also will require that a significant percentage of the car be produced by workers making at least $16 per hour, a threshold meant to raise wages in Mexico and undercut that country's competitive advantage with U.S. workers.
Canada also made concessions to its dairy program under the last-minute talks that is expected to lead to some increased U.S. exports of certain products to that country.
But critics of the deal said it made only incremental changes to the trade pact and that some new trade restrictions could make U.S. less competitive on the world stage.
The revised agreement will be called the U.S.-Mexico-Canada Agreement (USMCA), a name Trump sought to make stick.
"It sort of, just, works. USMCA. That'll be the name that 99 percent of the time that we'll be hearing," he said.
Trump affirmed plans to sign the agreement by the end of November, which would begin the process of congressional consideration. Lawmakers are expected to take a vote on the pact sometime next year.
Yes and watched it live,
Wow Love Our President as he continues
to keep on winning For US!
What you said!
Great presser, only sad thing were the handful of rude obnoxious #metoo reporterettes.
Thank you very much, trebb!! Greatly appreciated. MAGA!!
Looks massive. $16/hour? I feel sorry for what he’s going to do India robbing us of tech jobs for the last 20 years.
Apparently, India is next. China is starting to cave. Saw something just this AM about it.
Amen.
He’s on a roll! And slammin’ the dems like a junkyard dog! LOVE it!
God bless you Jim! I will keep on pushin’!
Trump obtaining the nafta replacement should be overwhelmingly the news of the day, not warmed over speculation abouth the 7th investigation about a high school he said she said case from 36 years ago.
Whoa, Jimbo, you are on a roll {and we only have 1% in so far}.
You’ve hit it on the head Jim. We’re so lucky to have him as our President. KAG!
Awesome!
My thoughts as well. First thing I thought of was "Act of God", "Fluke Shot". etc.
And then the Media complains when people call them biased?
My thoughts as well. First thing I thought of was "Act of God", "Fluke Shot". etc.
And then the Media complains when people call them biased?
Although it may look like magic to you, Mr. Citizen of the World Obama, it just takes a determined CONSERVATIVE president with world-class negotiating skills to negotiate better trade deals.
And to MAGA by cutting taxes, cutting regulations, cutting government, securing our borders, slapping a moratorium on immigration from Islamic terror regions, rebuilding our military, kicking the crap out of ISIS, ending the idiotic democrat war on coal gas & oil, negotiating better trade deals that put America first, bringing back capital, manufacturing, a growing economy, jobs, jobs, jobs, cutting unemployment for all Americans including blacks, hispanics, women and young Americans!!
Next up: dump Rosenstein & Mueller, et al, seat Kavanaugh, continue appointing constitutionalists throughout the judiciary, drain the swamp, build the wall, enforce the law, deport them all!! MAGA!!
MAGA just made a giant step forward thanks to President Trump’s USMCA, *U.S.-Mexico-Canada Agreement (USMCA).
Check out my new modified Tagline.
Yes!!!!
Kanye West 2024
Kanye is a backup plan for President in 2024.
He is conservative, rich and he knows Trump well.
Plus, Kanye has put his neck out there early and risked his fortune for the cause.
We need to list our practical backup Presidents early.
Loved that POTUS called out lying Blumenthal!
MAGA.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.