On Thursday president Trump made an announcement that a deal has been made with Mexico, followed by: “one way or the other, Mexico is paying for the wall!.”
I often stated, “One way or the other, Mexico is going to pay for the Wall.” This has never changed. Our new deal with Mexico (and Canada), the USMCA, is so much better than the old, very costly & anti-USA NAFTA deal, that just by the money we save, MEXICO IS PAYING FOR THE WALL!— Donald J. Trump (@realDonaldTrump) December 13, 2018
Speculation is that President Trump is going to use money from the United States-Mexico-Canada-Agreement (USMCA) to keep his promise and build the border wall.
The president’s USMCA deal is a new version of the North American Free Trade Agreement (NAFTA).
The new deal – not in effect yet – is reported to be mutually beneficial for North American workers, farmers, and businesses.
It was designed to provide a balanced and reciprocal trade that plans to support high-paying jobs while growing the American economy.
The new USMCA agreement includes the following:
Creating a more level playing field for American workers, including improved rules of origin for automobiles, trucks, other products, and disciplines on currency manipulation.
Benefiting American farmers, ranchers, and agribusinesses by modernizing and strengthening food and agriculture trade in North America.
Supporting a 21st Century economy through new protections for U.S. intellectual property, and ensuring opportunities for trade in U.S. services.
New chapters covering Digital Trade, Anticorruption, and Good Regulatory Practices, as well as a chapter devoted to ensuring that Small and Medium Sized Enterprises benefit from the Agreement.
*** While the United States, Mexico, and Canada have concluded a new, rebalanced agreement, NAFTA currently remains in effect. The USMCA can come into effect following the completion of TPA procedures, including a Congressional vote on an implementing bill.
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