Why the Judge in Hunter Biden's Tax Case Thinks Parts of the Pardon...
CNN's Elie Honig Had the Perfect Line for Hunter Biden's Pardon
Why Are Deep Red State Republican Senators So Often Squishes?
Stone Age Ports
Crash Retrievals, Reverse Engineering, and the Cost of Secrecy: The UAP Debate Unfolds.
Democratic Anger About Biden Pardon Is All About Trump
More Biden Abuse of Power
Drug Price Controls Threaten Cancer Cures
Republicans Still Don't Get It
The Looming Resistance to Donald Trump’s Immigration Agenda
Jill Biden’s Christmas Circus: A Confusing End to a Crummy Four Years
Chris Wright’s Appointment as Secretary of Energy Exposes Media Ignorance
The Fall of DEI: How President Trump Ushers in a Merit-Based Future
American Patients Were Big Winners on Election Night
Nationwide Injunction against Deep State FinCEN
Tipsheet

Historic USMCA Trade Deal Takes Effect

AP Photo/Alex Brandon

The United States Mexico Canada Agreement (USMCA) goes into effect on Wednesday, marking a win for the Trump administration. The deal replaces the North American Free Trade Agreement (NAFTA). President Trump called NAFTA a "disastrous trade deal,” after building a substantial portion of his presidential campaign around replacing it. Previous presidents talked about replacing the decades-old deal, but President Trump is the first to sign a substantive replacement into law.

Advertisement

The USMCA will incentivize production at home by implementing regulations surrounding digital trade, altering rules for trade across borders without tariffs and restructuring labor enforcement systems. In particular, USMCA will bolster job growth in the agriculture sector and auto industry.

President Trump touted USMCA as the "fairest and most balanced" trade deal negotiated thus far:

"When I ran for President, I made a solemn promise to the American people that I would end the job-killing failure called the North American Free Trade Agreement (NAFTA) and replace it with a better deal for our workers, farmers, ranchers, and businesses—the men and women of Main Street who built the most prosperous and equitable economy in human history.  Today, with NAFTA ending forever and the United States-Mexico-Canada Agreement (USMCA) entering into full force, our grateful Nation pays tribute to America’s workers and celebrates their ability to overcome decades of bad deals and failed policies," President Trump said. "The USMCA is the largest, fairest, and most balanced trade agreement ever negotiated and contains innovative provisions to help grow the economy and support American jobs.  It is a tremendous victory for our manufacturers and autoworkers, meaning more cars and trucks will be produced in the United States."

Advertisement

In a rare moment of bipartisan governance, USMCA was sent to President Trump’s desk by overwhelming majorities of both Republicans and Democrats in the House and Senate. Secretary of Commerce Wilbur Ross said that USMCA will add 100,000 jobs to the American economy. 

Join the conversation as a VIP Member

Recommended

Trending on Townhall Videos

Advertisement
Advertisement
Advertisement