Selin ATAY-TDO-President Donald Trump on Wednesday signed into law a revised trade deal between the U.S., Mexico and Canada (USMCA), calling the agreement the "fairest" ever achieved.
Speaking at a ceremony at the White House, US President Donald Trump stressed that the new deal, which replaces the North American Free Trade Agreement (NAFTA), includes crucial gains for American employees.In his remarks, Trump hailed the USMCA as a "massive win" for U.S. manufacturers and autoworkers.
"Today, we are finally ending the [North American Free Trade Agreement] NAFTA nightmare and signing into law the brand new US-Mexico-Canada Agreement!" said Trump during his address at the signing ceremony at the White House. "The USMCA is the largest, fairest, most balanced and modern trade agreement ever achieved."
US Vice President Mike Pence also gave a brief speech, thanking Trump for his efforts in the process of replacing NAFTA.
The USMCA was proposed more than a year ago to replace NAFTA, which eliminated trade barriers between the three countries.
Trump said his administration has "replaced a disastrous trade deal that rewarded outsourcing with a truly fair and reciprocal trade deal that will keep jobs, wealth and growth right here in America!"
Since his run in 2016 for president, Trump has repeatedly knocked NAFTA as "one of the worst trade deals" and now implements a campaign promise to replace the agreement.