President Trump Participates in a Signing Ceremony for the United States-Mexico-Canada Trade Agreement
This video is about President Donald Trump’s remarks at the signing ceremony for the United States-Mexico-Canada Trade Agreement at the White House on January 29, 2020. He begins by stating that they are finally ending the NAFTA nightmare and signing into law the brand-new USMCA agreement. He adds that the USMCA is the largest, fairest, and modern trade agreement ever achieved. Trump remarks that this is a colossal victory for their farmers, ranchers, energy workers, factory workers, and American workers in all 50 states and beyond.
Donald Trump remarks that the USMCA is estimated to add another 1.2 percent to their GDP and create countless new American jobs. He states that they are very grateful for the close partnership with Prime Minister Trudeau and for their incredible friendship with President Lopez Obrador. Trump mentions that this agreement is a tremendous breakthrough for American agriculture. He says that Canada will finally provide greater access for American dairy, where it will grow annual exports to their neighbors by an estimated $315 million.
President Trump remarks that the USMCA is also a massive win for American manufacturers and autoworkers. He informs that Fiat Chrysler is investing $4.5 billion and creating 6,500 new jobs in Michigan, and opening up the first new Detroit plant in more than 30 years. He says that Ford is putting in $1.5 billion, while GM is investing $2.2 billion for building vehicles of the future. He informs that Steel Dynamics is building a $1.9 billion flat roll steel mill near Corpus Christi. He adds that international automakers are pouring $25 billion into the United States, creating 50,000 new American jobs.
Trump states that Mexico and Canada have agreed to new labor protections that his administration negotiated. He says that this deal contains critical protections for intellectual property, including trade secrets, digital services, and financial services. He adds that it includes protections for American-made fibers, yarns, and fabrics. Donald Trump mentions that they have created over 7 million new jobs until this point. He says that real median household income is now at the highest level ever recorded.
Next, Mike Pence remarks that NAFTA ends today and a new era of jobs and growth begins under the USMCA. He says that they will leave behind the failed policies of the past and have a new trade deal that will benefit every American. After that, Ambassador Lighthizer says that the Trump trade policy is designed to create more manufacturing jobs, protect America’s competitive advantage in technology and innovation, secure greater market access for American businesses, farmers, and ranchers. He adds that the USMCA achieves each of these goals.
Donald Trump remarks that two weeks ago, they signed their trade deal with China. He adds that they expect to be taking in $250 billion a year in purchase. He says that China is going to be terrific and their relationship has never been better. He adds that they are working very closely on the virus that’s going around.
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