Officials from Canada, the United States and Mexico will sign an amended version of the new North American trade deal, called the U.S.-Mexico-Canada Agreement (CUSMA), Tuesday afternoon.
The signing will happen at 1 p.m. ET in Mexico City, with Deputy Prime Minister Chrystia Freeland representing Canada.
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U.S. Trade Representative Robert Lighthizer, who led negotiations for the country, credited U.S. President Donald Trump with the deal in a statement on Tuesday.
“Thanks to President Trump’s leadership, we have reached an historic agreement on the USMCA,” he said. “After working with Republicans, Democrats, and many other stakeholders for the past two years we have created a deal that will benefit American workers, farmers, and ranchers for years to come. This will be the model for American trade deals going forward.”
His statement came just after U.S. House Speaker Nancy Pelosi announced that Democrats and the Trump administration had reached an agreement on the terms of the deal. Speaking at a press conference in Washington, D.C., Democrats said they successfully demanded changes such as a committee to monitor labour reform in Mexico.
“There is no question, of course, that this trade agreement is much better than NAFTA,” Pelosi said, adding the pact is “infinitely better than what was initially proposed by the administration.”
Trump tweeted Tuesday morning that the revamped trade pact will “be great” for the United States.
“It will be the best and most important trade deal ever made by the USA. Good for everybody – Farmers, Manufacturers, Energy, Unions – tremendous support. Importantly, we will finally end our Country’s worst Trade Deal, NAFTA!” the president said.
Prime Minister Justin Trudeau and Trump talked directly about the deal on Monday, Trudeau’s office reported, without providing further details.
— With files from the Canadian Press
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