We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. By continuing to use our site, you accept our use of Cookies, revised Privacy Policy and Terms of Use.
  • Edit

US and Mexico Reach Major Tentative Trade Deal

2018-08-27 19:55
The presidents of the United States and Mexico announced on Aug. 27 that the two nations have reached a tentative trade deal. The bilateral agreement would replace the trilateral North American Free Trade Agreement (NAFTA) if Canada does not join in, according to a senior administration official. President Donald Trump said that the new agreement will be called the United States-Mexico Trade Agreement. The president, who has called NAFTA "the worst economic deal in U.S. history," told reporters that the old name carried to many negative connotations. "It's a big day for trade. It's a big day for our country," Trump said. "A lot of people thought we'd never get here because we all negotiate tough. We do. So does Mexico. And this is a tremendous thing."