Hundreds of thousands of jobs are provided in the United States by the new trilateral treaty replacing the North American Free Trade Agreement (NAFTA) – said US President Donald Trump on Monday at the White House Rose Garden announcing a new agreement settlement.
The chairman, who praised the new agreement in the presence of a finance adviser Steve Mnuchin, Robert Lighthizer negotiator and Jared Kushner adviser, emphasized positively the benefits of American farmers. He again stated that the former NAFTA convention was the worst trade agreement in the United States, which he felt and voiced as a businessman, and he said that he was of the utmost importance to renegotiate.
According to the new agreement, it is also beneficial for Mexico and Canada. He stressed that this includes labor, information and environmental issues. The agreement was described as the most important one for a long time and, according to its wording, “a history of historic significance for our nation and indeed for the whole world.” He stressed that the agreement is based on fairness and reciprocity. Concerning the benefits of the agreement, the president also put forward concrete arguments. He pointed out that the American market for dairy products will open up to the Canadian market so far, farmers will be able to export grain and fodder more than before, and strengthen industry and the biotechnology sector.
Trump said that without his protectionist policy, he could not reach the new agreement. “Without the introduction of safeguards, we can not talk about an agreement now,” he said. He called the “legislators” of his commercial policy “babies,” and stated that the protectionist trade policy he had announced had put the other US trading partners in the negotiating table. He thanked Mexican President Enrique Pena Nieto with whom he had agreed in August, and Justin Trudeau, the Canadian Prime Minister. He added, however, that the steel and aluminum protective goggles remain alive for the time being, as long as he does not succeed in agreeing to “some kind of quota”. At the same time, he expressed concern that Congress may not ratify the Convention,
The new trade agreement was issued on Sunday, Monday, until the midnight deadline set by the United States. Washington has signed the agreement with Mexico in August and, in its view, if Canada did not join, then NAFTA would have made a bilateral agreement. On Monday, however, Robert Lighthizer, the US Chief Trade Officer and Chrystia Freeland, Canada’s Foreign Minister, announced in a joint statement that Canada joins the US-Mexico Conventions, stating that the new agreement “will strengthen middle class and well-paying jobs and create new opportunities” .
The North American Free Trade Agreement is the new US-Mexico-Canada Agreement (USMCA). Donald Trump on Monday morning in his Twitter entry has already welcomed the convention, which has been classified as “history”.