By Richard G. Dearden, Wendy J. Wagner
President Donald Trump called the North American Free Trade Agreement “one of the WORST Trade Deals ever made.” Late Sunday night, the prolonged NAFTA renegotiations ended with the unveiling of the United States-Mexico-Canada Agreement (“USMCA”) that will replace NAFTA.
Shortly after the Agreement was finalized, Prime Minister Justin Trudeau told reporters “It’s a good day for Canada.” A Joint Statement from United States Trade Representative Robert Lighthizer and Canadian Foreign Affairs Minister Chrystia Freeland describes the USMCA as a new modernized trade Agreement for the 21st century:
“Today, Canada and the United States reached an agreement, alongside Mexico, on a new, modernized trade agreement for the 21st century: the United States-Mexico-Canada Agreement. USMCA will give our workers, farmers, ranchers, and businesses a high-standard trade agreement that will result in freer markets, fairer trade and robust economic growth in our region.”