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Trump signs long-awaited North American trade deal | Malay Mail

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WASHINGTON, Jan 30 — President Donald Trump yesterday signed the new North American trade pact with Canada and Mexico into law, pronouncing a “glorious future” for US industry. It was another opportunity for Trump to tout successes in the midst of an impeachment trial where he is fighting...

US President Donald Trump signs the United States-Mexico-Canada Trade Agreement on the South Lawn of the White House in Washington January 29, 2020. — Reuters pic

But even if the new USMCA trade deal with America’s neighbours was crafted in close consultation between Trump’s Republicans and the Democrats, the president pointedly didn’t invite any of the Democratic leaders to his big White House signing ceremony. But the new deal does change content rules on auto manufacturing, to boost US jobs, and requires higher salaries for some Mexican auto workers.

“Two decades of politicians ran for office vowing to replace Nafta... yet when selected they never even tried,” he told government members, lawmakers, union representatives and selected workers assembled at the White House’s South Portico.Under Nafta, “we lost our jobs, we closed our factories and other countries built our cars. But we changed that,” he said. “The USMCA closed these terrible loopholes.

 

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