08-27-18….10:55 am PT….LIVE ON-AIR NEWS….President Trump Trump Nixes NAFTA, Announces New ‘United States-Mexico Trade Agreement’ 8/27/18
President Donald Trump on Monday announced the United States and Mexico have come to an agreement. Trump administration announced a new, bilateral agreement between the United States and Mexico to rework portions of the North American Free Trade Agreement (NAFTA) as part of the President’s ongoing changes to American trade policy.
President Donald Trump made the announcement in the Oval Office, with the outgoing Mexican President Enrique Peña Nieto in a somewhat haphazardly arranged speakerphone conference.
President Nieto’s remarks:
The agreement comes after a year of re-negotiations with Mexico, and the President said negotiations with Canada will begin soon. He added that he is speaking with Canadian Prime Minister Justin Trudeau “in a little while.”
“It’s an incredible deal for both parties,” said Trump of the new arrangements. “Most importantly it’s an incredible for the works and the citizens of both countries. Our farmers are going to be so happy.”
“My farmers, the farmers have stuck with me, and I said we were going to do this,” he said. “And Mexico’s promise to begin immediately start purchasing as much farm product as they can, they’re going to work on that very hard.”
NAFTA has been a wedge issue within the GOP, and one that Trump used as a political bludgeon on the campaign trail, calling it America’s “worst deal” many times.
On Monday morning, he tweeted that a deal would be coming today, and then later the administration set a time for that announcement.
Negotiations were intense over the weekend leading up to today’s announcement.
“Mr. President, you’ve been my friend, and you have been somebody that’s been very special in a lot of ways, we talked a lot, we talked a lot about this deal, and I’d like to congratulate you and the Mexican people,” said President Trump to President Nieto.
For his part, Nieto brought up Canada and his desire to bring Canada in on the deal several times, placing major emphasis on the necessity of their participation. on revisions to key parts of the North American Free Trade Agreement (NAFTA) — a trade agreement between the United States, Canada and Mexico.
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“It’s a big day for trade. It’s a big day for our country,” Trump said.
Trade negotiations with Canada are still ongoing. “We’ll see if Canada can be part of the deal,” he said. Trump cast the agreement as the United States-Mexico Trade Agreement, saying he wanted to do away with the NAFTA name because it had “bad connotations.”
It’s unclear if Trump intends to keep the trilateral framework in place. The president said he’s also open to a separate deal with Canada, and said he will terminate the existing NAFTA agreement once there is a deal with both countries. Any changes to NAFTA would require congressional approval before taking effect.
During the announcement, the president of Mexico phoned in on speakerphone, congratulating the negotiators on both sides.
Trump, who has had a strained relationship with Mexican President Enrique Peña Nieto over his demands that Mexico pay for a border wall, cited “closer” ties to America’s southern neighbor on Saturday.
Our relationship with Mexico is getting closer by the hour. Some really good people within both the new and old government, and all working closely together….A big Trade Agreement with Mexico could be happening soon!
“Our relationship with Mexico is getting closer by the hour. Some really good people within both the new and old government, and all working closely together … A big Trade Agreement with Mexico could be happening soon!” he tweeted.
Following the July election of Andres Manuel Lopez Obrador, Trump predicted that he will have a “very good relationship” with the newly-elected Mexican president.
Trump told reporters in July that he had a 30-minute phone call with Lopez Obrador, who assumes office on Dec. 1, about trade, border security and a potential U.S.-Mexico trade deal.
“I think the relationship will be a very good one. We’ll see what happens,” Trump said, adding that Mexico’s election was “better than anticipated.”
Lopez Obrador, a leftist, thanked Trump on Friday for treating Mexicans with more respect.
“For some time now, (Trump) has been very prudent in referring to Mexicans, or he hasn’t said offensive things,” Lopez Obrador said. “I have to thank him for that. … Up to now, things are going well. There has been respect.”
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