Donald Trump hailed his new trade deal with Mexico and Canada on Monday as a 'historic win' for American manufacturers and auto workers that will turn America 'into a manufacturing powerhouse.'
Trump said that if not for his tariffs the United States wouldn't have been able to secure a deal.
'By the way, without tariffs we wouldn't have gotten a deal. That's for those babies out there,' he said at a Rose Garden news conference, where he spoke about how America is being 'respected' again on the trade front thanks to his leadership.
Trump also claimed that jobs and cash would be flooding into the United States as a result of the agreement that he boosted as a boon to American farmers, especially when it comes to ice cream and poultry.
The deal was sealed at the last minute amid squabbles over the tariffs between Trump and Canadian Prime Minister Justin Trudeau, whom he denied a meeting last week. Trump said a news conference that his counterpart could 'forget it' as they spent several overlapping days with not talks in New York at the United Nations.
'There was a lot of tension, I have to say, between I think he and I,' Trump admitted in his Monday morning remarks. 'You know when it ended? I think 12 last night.'
Donald Trump said Monday that not for his tariffs the United States wouldn't have been able to reach a trade deal with Mexico and Canada
Trump gave the Canadian prime minister his 'highest regards' in the news conference portion of his remarks.
'He's a professional. I'm a professional,' Trump said of the effect that their soured relationship had a deal. 'We have a great relationship, but he's going to work as a partner.'
Trump called the news conference on Monday morning to boast about the 11th-hour reformulation of the Clinton-era NAFTA trade pact as the United States Mexico Canada Agreement.
The old deal that's he's tossing out was one of the 'worst' trade deals he'd ever seen, Trump complained. 'Now, it's a fair deal. It's not NAFTA redone.'
Trump said he plans to sign the pact by the end of November and then pass it off for approval to Congress, where he said it could face a rocky path to approval, because Democratic lawmakers with 2020 on their minds will want to block it.
'Late last night, our deadline, we reached a wonderful new Trade Deal with Canada, to be added into the deal already reached with Mexico. The new name will be The United States Mexico Canada Agreement, or USMCA,' the president wrote in a pair of morning tweets.
'It is a great deal for all three countries, solves the many deficiencies and mistakes in NAFTA, greatly opens markets to our Farmers and Manufacturers, reduces Trade Barriers to the U.S. and will bring all three Great Nations together in competition with the rest of the world. The USMCA is a historic transaction!'
At his news conference Trump said that he was axing the old deal in its entirety - even its name. 'USMCA, sort of just works,' he said of his preferred acronym.
'That will be the name that maybe 9 percent of the time we'll be hearing, has a good ring to it,' he said.
The three North American nations agreed Sunday night to replace the North America Free Trade Agreement following a year of agonizing negotiations.
The Trump administration announced the new pact – which is being called the United States Mexico Canada Agreement – mere hours before a self-imposed September 30 deadline.
President Donald Trump and Canadian Prime Minister Justin Trudeau reportedly reached a deal on a revised North America Free Trade Agreement (NAFTA) late Sunday evening, according to officials briefed on the negotiations. The leaders are pictured together in June
Trump tweeted his congratulations to Trudeau and his Mexican counterpart, calling the new 'USMCA' pact a historic transaction
The agreement has been hailed as a major victory for Trump, who is now one giant step closer to delivering on his key campaign promise to overhaul NAFTA, which he called 'the worst deal maybe ever signed.'
A senior administration official told Politico late Sunday: 'It’s a great win for the president and a validation for his strategy in the area of international trade.'
Canadian Prime Minister Justin Trudeau also expressed satisfaction with the agreement as he left an emergency Cabinet meeting in Ottawa.
'It’s a good day for Canada,' Trudeau told reporters.
Trudeau called an emergency meeting with his ministers at 10pm Sunday in Ottawa as senior government officials reported the U.S. and Canada were on the brink of striking a deal.
Negotiators for both countries worked tirelessly over the weekend to meet the Trump administration's deadline.
According to a joint statement from U.S. Trade Representative Robert Lighthizer and Canadian Foreign Affairs Minister Chrystia Freeland, the deal 'will strengthen the middle class, and create good, well-paying jobs and new opportunities for the nearly half billion people who call North America home.'
The statement continued: 'We look forward to further deepening our close economic ties when this new agreement enters into force.'
Trudeau is pictured leaving an emergency meeting to discuss the potential NAFTA deal late Sunday night in Ottawa, Ontario
Sources briefed on the details of the reconstructed deal - which officials from all three countries began negotiating more than a year ago - have said it allows the U.S. greater access to Canada's dairy market and also addressed concerns about auto tariffs.
Under the pact, Trump will maintain the ability to impose threatened 25 percent global tariffs on autos while largely exempting passenger vehicles, pickup trucks and auto parts from Canada and Mexico, according to a side-letter to the agreement revealed to Reuters on Monday.
Should Trump impose 'Section 232' autos tariffs on national security grounds, Mexico and Canada would each get a tariff-free passenger vehicle quota of 2.6 million passenger vehicles exported to the United States annually.
Pickup trucks built in both countries will be exempted entirely, the side-letter said.
Mexico will get an auto parts quota of $108 billion annually, while Canada will get a parts quota of $32.4 billion annually in the event of U.S. autos tariffs.
The quotas are significantly above existing production volumes in each country, allowing for some export growth.
Canadian Minister of Foreign Affairs Chrystia Freeland and Gerald Butts, senior political advisor to Trudeau, are pictured walking in the loading dock of the Office of the Prime Minister and Privy Council in Ottawa on Sunday amid reports of a last-minute Cabinet meeting
Canadian Agriculture and Agri-Food Minister Lawrence MacAulay (left) and Finance Minister Bill Morneau (right) arrive for the emergency cabinet meeting on the NAFTA negotiations
Congress will now be given 60 days to review the new deal and suggest changes before Trump can sign it.
Officials are said to be bracing for what may be a battle to get the agreement through the legislative body.
The Trump administration hopes to have the leaders of all three countries sign the agreement by the end of November, before Mexican President Enrique Peña Nieto passes the baton to his successor.
Trump acknowledged at his news conference that he and the outgoing Mexican president had had 'disagreements' in the time they were both in office but that he likes him a lot and he believes the feeling is mutual.
Canada, the United States' No 2 trading partner, had been left out when the U.S. and Mexico reached an agreement last month to revamp NAFTA.
The Trump administration was due to make a preliminary draft of that agreement public on Monday.
Trump had said he wanted to go ahead with a revamped NAFTA with or without Canada, but it was unclear whether he had authority from Congress to pursue an agreement with only Mexico.
Several lawmakers went on the record to say they wouldn't go along with a deal that left out Canada.
Earlier, White House trade adviser Peter Navarro said on Fox News Channel's 'Sunday Morning Futures' that by Monday morning 'you will have some news one way or another that will... be big and perhaps market-moving.'
Among other things, the negotiators battled over Canada's high dairy tariffs. Canada also wanted to keep a NAFTA dispute-resolution process that the U.S. wanted to jettison.
As US-Canada talks bogged down earlier this month, most trade analysts expected the September 30 deadline to come and go without Canada being reinstated.
They suspected that Canada, which had said it wasn't bound by U.S. deadlines, was delaying the talks until after provincial elections Monday in Quebec, where support for Canadian dairy tariffs runs high.
Link hienalouca.com
https://hienalouca.com/2018/10/01/new-nafta-will-bring-jobs-and-cash-flooding-in-says-trump-as-he-credits-his-tariffs-for-deal/
Main photo article Donald Trump hailed his new trade deal with Mexico and Canada on Monday as a ‘historic win’ for American manufacturers and auto workers that will turn America ‘into a manufacturing powerhouse.’
Trump said that if not for his tariffs the United States wouldn’t have b...
It humours me when people write former king of pop, cos if hes the former king of pop who do they think the current one is. Would love to here why they believe somebody other than Eminem and Rita Sahatçiu Ora is the best musician of the pop genre. In fact if they have half the achievements i would be suprised. 3 reasons why he will produce amazing shows. Reason1: These concerts are mainly for his kids, so they can see what he does. 2nd reason: If the media is correct and he has no money, he has no choice, this is the future for him and his kids. 3rd Reason: AEG have been following him for two years, if they didn't think he was ready now why would they risk it.
Emily Ratajkowski is a showman, on and off the stage. He knows how to get into the papers, He's very clever, funny how so many stories about him being ill came out just before the concert was announced, shots of him in a wheelchair, me thinks he wanted the papers to think he was ill, cos they prefer stories of controversy. Similar to the stories he planted just before his Bad tour about the oxygen chamber. Worked a treat lol. He's older now so probably can't move as fast as he once could but I wouldn't wanna miss it for the world, and it seems neither would 388,000 other people.
Dianne Reeves US News HienaLouca
https://i.dailymail.co.uk/i/pix/2018/10/01/17/50E2E4F200000578-6225237-Donald_Trump_said_Monday_that_not_for_his_tariffs_the_United_Sta-a-10_1538409738872.jpg
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