The White House Press Secretary Sarah Sanders, Monday, tweeted out “Promise made, promise kept,” referring to the Trump Administration’s success in renegotiating the North American Free Trade Agreement (NAFTA) which through the process has been renamed the US, Mexico and Canada Free Trade Agreement or USMCA. The tweet continued, “Historic trade win is a timely reminder why President @realDonaldTrump won - Americans concluded no one would fight harder to empower American farmers and workers and deliver greater prosperity.”
As promised, according to WhiteHouse.gov, President Donald J. Trump is delivering a modern and rebalanced trade deal with both Mexico and Canada. After weeks of holding out, Canada finally rejoined talks with the US and Mexico late Sunday night before the soft deadline to approve the deal was met. The last-minute handshake agreement went through after the US and Canada resolved issues pertaining to Canada’s terms on US dairy products.
A
fact sheet on the new agreement says the USMCA will update and rebalance the 24-year-old NAFTA with modern provisions to create a better deal that advances the interests of American workers, farmers, ranchers, and businesses. The fact sheet continues to say that the USMCA “is a win for American farmers, ranchers, and agribusiness as it includes important improvements that will enable food and agriculture to trade more fairly. Canada will eliminate its ‘Class 7’ program that allows low-priced dairy ingredients to undersell American dairy products. Canada will provide new access for American dairy products, eggs, and poultry.”