Trump does it again
Canada, U.S. reach deal to save NAFTA as trilateral trade pact
"The United States and Canada forged a last-gasp deal on Sunday to salvage NAFTA as a trilateral pact with Mexico, rescuing a three-country, $1.2 trillion open-trade zone that had been about to collapse after nearly a quarter century.
In a joint statement, the two nations said the new United States-Mexico-Canada Agreement (USMCA) would "result in freer markets, fairer trade and robust economic growth in our region."
Negotiators worked frantically ahead of a midnight ET (0400 GMT) U.S. imposed deadline to settle differences, with both sides making concessions to seal the deal.
"It's a good day for Canada," Prime Minister Justin Trudeau told reporters after a late-night cabinet meeting to discuss the agreement, which triggered a jump in global financial markets.
President Donald Trump, who blamed NAFTA for the exodus of manufacturing jobs to low-wage Mexico, had threatened to walk away from NAFTA unless major changes were made."
Canada, U.S. reach deal to save NAFTA as trilateral trade pact
"The United States and Canada forged a last-gasp deal on Sunday to salvage NAFTA as a trilateral pact with Mexico, rescuing a three-country, $1.2 trillion open-trade zone that had been about to collapse after nearly a quarter century.
In a joint statement, the two nations said the new United States-Mexico-Canada Agreement (USMCA) would "result in freer markets, fairer trade and robust economic growth in our region."
Negotiators worked frantically ahead of a midnight ET (0400 GMT) U.S. imposed deadline to settle differences, with both sides making concessions to seal the deal.
"It's a good day for Canada," Prime Minister Justin Trudeau told reporters after a late-night cabinet meeting to discuss the agreement, which triggered a jump in global financial markets.
President Donald Trump, who blamed NAFTA for the exodus of manufacturing jobs to low-wage Mexico, had threatened to walk away from NAFTA unless major changes were made."
