We Turn the Page on NAFTA

We Turn the Page on NAFTA

From the Rose Garden, President Donald J. Trump unveiled a modernized, rebalanced trade deal with Canada and Mexico-keeping one of the signature promises of his 2016 campaign.

In a stark contrast from the outdated NAFTA, nearly a quarter-century old, the new United States-Mexico-Canada Agreement (USMCA) protects American workers, farmers, ranchers, and businesses. For years, politicians on both sides of the aisle have called for a renegotiation of NAFTA, but President Trump is following through where others have failed time and time again.

In negotiating terms for USMCA, President Trump secured a number of big wins: - American auto manufacturers and workers will benefit from new rules of origin that require 75 percent of auto content to be produced in North America-incentivizing billions of dollars in additional U.S. auto parts production.

The USMCA scores a big win for American farmers by eliminating Canada's "Class 7" program, which allowed others to undersell American dairy products. Canada will provide new access for U.S. dairy products, eggs, and poultry.

USMCA's labor chapter represents the strongest labor provisions of any trade agreement in our country, all of which are fully enforceable

USMCA brings our trade relationship with Canada and Mexico into the 21st century. NAFTA failed repeatedly to keep up with the fast-changing American economy: The old rules helped incentivize offshoring, leading far too many manufacturing jobs to leave our country.

The new agreement includes a modernized, high-standard chapter that provides strong protection and enforcement of U.S. intellectual property rights.