Earlier today President Trump signed the historic USMCA trade agreement, making good on his 2016 campaign promise to replace the NAFTA trade agreement with a more balanced and reciprocal trade deal for the American people. USMCA replaces the NAFTA agreement that resulted in the loss of millions of American jobs impacting hundreds of manufacturing communities across our county.
Amid the key changes is a closing of a loophole allowing Mexico and Canada to assemble components imported from Asia. The new agreement bolsters American workers and American manufacturers with content rules requiring origination of material in North America. [Video and Transcript Below]
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[Transcript] – THE PRESIDENT: Well, thank you very much. That’s beautiful music. Such talented musicians, and we appreciate it very much.
We have a tremendous — (applause) — we have a tremendous list of people here today. In fact, so long that if I announced every name, we’d be here for about three hours. (Laughter.) And we have to get back to business. Everybody does.
Please sit down. Please.
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