U.S., Canada, Mexico Sign New Trade Agreement

US President Donald Trump, Canadian Prime Minister Justin Trudeau and Mexican President Peña Nieto. Twitter

US President Donald Trump, Canadian Prime Minister Justin Trudeau and Mexican President Peña Nieto on Friday signed the new U.S. Mexico Canada Agreement (USMCA).

The leaders used the backdrop of the G-20 Summit in Buenos Aires, Argentina to resolve the trade dispute with America’s closest neighbors.

“This has been a battle, and battles sometimes make great friendships,” Trump said at the start of the signing ceremony.

Saying that all three countries will benefit from the deal, Trump said of the USMCA, “It is probably the largest trade deal ever made.”

The USMCA replaces the North American Free Trade Agreement, which had created a free trade zone between the three countries back in 1994.

The USMCA deal emerged in early October, months after President Trump hit Mexico and Canada with tariffs on their steel and aluminum products. That move set off retaliatory tariffs — and intense negotiations to create a new trade pact.


whatsapp
Have a story to tell, or images to share on interesting Nigeria news? Send them to Concise News via Whatsapp (0906 928 2577)

Olugbenga Ige is an alumnus of the prestigious Adekunle Ajasin University, Ondo State and The Polytechnic, Ibadan. The new media enthusiast and a fine-grained media influencer was a reporter at Concise News.


Tired of generators? Get PRAG INVERTER, Nigeria's No.1 Inverters Be the first to know...Get daily round up of top Nigerian newspaper headlines. Click here. Tired of estimated bills/generator noise? Go off the grid...get PRAG SOLAR for 24/7 noiseless and uninterrupted power supply.

Add Concise To Homescreen.