Trump Renegotiates Trade Deal with Mexico, Canada

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The move is to force acceptance of Trump's replacement for NAFTA, the United States-Mexico-Canada Agreement (USMACA), which he signed with Canada's Prime Minister Justin Trudeau and Mexico's President Enrique Peña Nieto in Buenos Aires on the 30th of November.

Talking to press reporters aboard Flying force One on Saturday, Trump stated: "I will certainly be officially ending NAFTA soon".

Seeking to gain leverage with sceptical lawmakers to approve the revised trade pact, Trump says Congress "will have a choice" as it considers the agreement he signed with the leaders of Mexico and Canada on Friday during the Group of 20 summit.

Trump has made renegotiating NAFTA a centrepiece of his presidency.

The issue could ultimately be decided by the USA courts. The move seems to be aimed at the new Democratic House, which will take over next year - and may not approve the USMCA. Such a scenario "works very well' for the United States", the Times quoted him as saying.

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Speaking following the signing of the USMCA deal, US Secretary of Agriculture Sonny Perdue said: "The new USMCA makes important specific changes that are beneficial to our agricultural producers". We thank the Office of the U.S. Trade Representative for all the hard work that went into this accord. "The deal eliminates Canada's unfair Class 6 and Class 7 milk pricing schemes, opens additional access to USA dairy into Canada, and imposes new disciplines on Canada's supply management system", Perdue said.

Throughout the start of his presidency, President Trump had repeatedly threatened to withdraw the USA from Nafta, unless he could secure a better deal. All trade deals need to be approved by Congress before they can take effect.

The ink wasn't even dry on the signatures on the USMCA trade deal before serious doubts arose about whether the deal would ever be ratified. "While we'll have to watch and ensure we get through this next stage, we have a high level of confidence that's achievable".

"While there's a lot to like in this new agreement, I'm disappointed that the Section 232 tariffs on Canada and Mexico still remain in place", Republican Senator Rob Portman said in a statement on Friday.

Democratic leader Nancy Pelosi, of California, said she is not yet ready to judge the new trade deal but was dismissive of it. "What isn't in it yet is enough enforcement reassurances regarding workers, provisions that relate to workers and to the environment", she said.

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