US President Donald Trump and Canadian Prime Minister Justin Trudeau are now speaking at a joint press conference to talk about the new trade pact, United States-Mexico-Canada Agreement (USMCA).
Key quotes (via Reuters)
- Mexico and Canada have agreed to labor, IP and environmental provisions under neNAFTAta deal.
- U.S. farmers, ranchers will have greater access to export wheat, poultry, eggs and dairy.
- New trade pact with Canada, Mexico will support hundreds of thousands of American jobs.
- Trade deal requires large portion of every car to be built by high-wage workers.
- U.S.-Canada-Mexico trade deal will make North America a ‘manufacturing powerhouse’.
- Deal aims to boost U.S. biotech sector.
- Plan to sign the new NAFTA deal by the end of November.
- Without tariffs, trade deal would not have been reached with Canada, Mexico.
- U.S. has strong trade leverage with its possible tariffs but may not need to use them.
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