2:19
- ABC News
- Donald Trump
- October 1, 2018
Trump hails new trade deal with Mexico and Canada
The deal is poised to replace the North American Free Trade Agreement, or NAFTA.
....deficiencies and mistakes in NAFTA, greatly opens markets to our Farmers and Manufacturers, reduces Trade Barriers to the U.S. and will bring all three Great Nations together in competition with the rest of the world. The USMCA is a historic transaction!
— Donald J. Trump (@realDonaldTrump) October 1, 2018
The negotiations between the U.S. and Canada were roiled by Trump's frequent attacks on the Canadian leader on the world stage. After meetings at the June G7 Summit in Canada, Trump called Trudeau \"meek and mild\" as he left the meetings aboard Air Force One. Trump also imposed tariffs on metal good from Canada beginning on June 1.
At last week's U.N. General Assembly, the president told reporters he refused to meet with Trudeau one-on-one, after criticizing the prime minister during a freewheeling press conference.
\"His tariffs are too high, he doesn't seem to want to move and I've told him forget about it,\" Trump said. \"And frankly we're thinking about just taxing cars coming in from Canada, that's the mother load, that's the big one. We're very unhappy with the negotiations and the negotiating style of Canada.\"
Trudeau said Sunday was \"a good day for Canada & our closest trading partners.\"
A good day for Canada & our closest trading partners. More tomorrow... https://t.co/qOowhvYW2B
— Justin Trudeau (@JustinTrudeau) October 1, 2018
Mexican President Enrique Peña Nieto also affirmed his support, calling the deal as \"a win-win-win agreement.\"
La modernización del acuerdo comercial entre ????México, ????Canadá y ????EU concluye 13 meses de negociaciones y logra lo que nos propusimos al inicio: un acuerdo ganar-ganar-ganar.
— Enrique Peña Nieto (@EPN) October 1, 2018
But reaching the last-minute deal on the eve of the NAFTA deadline was a priority for Trump, who long targeted the Clinton-era deal since his days on the campaign trail.
\"I don't like NAFTA, I never liked it,\" Trump said during the Wednesday press conference at the U.N. \"It's been very bad for the United States, it's been great for Canada, it's been great for Mexico — very bad for us.\"
The new deal will need the approval of Congress, and while lawmakers dig into the fine print of the deal, it won't likely be approved until the next session of Congress in 2019. The top Democrat in the House was not endorsing the deal just yet.
\"Democrats will closely scrutinize the text of the Trump Administration’s NAFTA proposal, and look forward to further analyses and conversations with stakeholders,\" House Minority Leader Nancy Pelosi said in a statement.
With control of both the House and Senate at stake in November, it is unclear if Congress will support the deal.
However, Trump was optimistic, telling reporters he thinks it will pass \"easily.\"
\"Once approved by Congress, this new deal will be the most modern, up to date, and balanced trade agreement in the history of our country,\" the president said. \"But if it doesn't we have other alternatives. I think if they are fair. The Republicans love it, industry loves it, our country loves it. If it's fair, it will pass easily.\"
ABC News' Alexander Mallin, Mark Osborne and Ben Gittleson contributed to this report.
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