US, Mexico Announce New Trade Arrangements
Has the dealmaker scored? With Mexico’s president agreeing on speakerphone, President Donald Trump today announced that negotiators had reached “a really good deal for both countries” to supplant aspects of the North American Free Trade Agreement. Trump, waging a global trade war, calls NAFTA history’s “worst” such pact. The United States-Mexico trade agreement, as the president called it, focuses narrowly on automobile manufacturing. It’s been hoped that once U.S.-Mexico NAFTA talks bear fruit, Canada will rejoin negotiations on the three-nation trade pact — something Mexico and affected American industries have insisted on.