USMCA-contract: Trump celebrates trade agreement as a historic victory

The American President Trump has celebrated the new North American free trade agreement USMCA during the visit of the President of Mexico, Andrés Manuel López O

USMCA-contract: Trump celebrates trade agreement as a historic victory

The American President Trump has celebrated the new North American free trade agreement USMCA during the visit of the President of Mexico, Andrés Manuel López Obrador as an important milestone. "Today, we celebrate the historic victory we have a few days ago won," said Trump on Wednesday alongside his Mexican counterpart at the White house rose garden. The Nafta successor Treaty to the United States with Mexico and Canada will bring prosperity. The relations between Mexico and America are stronger than ever before, so is Trump.

in addition to López Obrador, who had travelled to his first foreign trip as President with the line plane to Washington, had Trump not invited the Prime Minister of Canada Justin Trudeau, who took part but. Prior to the cancellation, Trudeau had raised concerns about an American assault to customs duties on Aluminium and steel and about the Coronavirus. Trump called Trudeau on Wednesday, not by name, but said that they will hold a separate Celebration of the new trade Alliance with Canada.

USMCA replaced at the beginning of July 1994, concluded the North American free trade Pact Nafta. The agreement affects nearly 500 million people and a territory that covers a total economic output of around $ 23 trillion (from 20.8 trillion euros). The partner countries exchanged the 2018 Goods and services worth approximately 1.4 trillion dollars.

Updated Date: 09 July 2020, 19:19

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