Grocers Cheer Signing of NAFTA Successor

Canada on track for Friday signing of USMCA once details finalized: Freeland

Legislators from the three countries still have to approve the pact, officially known as the United States-Mexico-Canada Agreement (USMCA), before it goes into effect and replaces the North American Free Trade Agreement (NAFTA).

Trump appeared with Canadian Prime Minister Justin Trudeau and outgoing Mexican President Enrique Pena Nieto at the Group of 20 nations summit in Buenos Aires for the formal signing ceremony.

"It's been long and hard". Many, many jobs are already planning to come back.

But the three leaders sat down to put ink to paper, signing a deal that has a few questions hanging over it - mainly the fate of steel and aluminum tariffs the USA imposed on its North American neighbors. He called the deal by its old name NAFTA, prodded Trump over United States steel and aluminium tariffs, and said General Motors Co's decision to cut production and slash its North American workforce, including in Canada, was a "heavy blow". Before signing the deal he continued to refer to as the new NAFTA, Trudeau told Trump the two should continue to work together to eliminate steel and aluminium tariffs.

Trump's decision to slap tariffs on $250 billion of Chinese imports resulted in Beijing placing penalties on $60 billion of USA products.

The new NAFTA agreement is called the Canada-United States-Mexico Agreement (CUSMA) on Canada's government website.

In addition, she said, the deal as is "would not only raise drug prices in Canada and Mexico, but would tie Congress' hands, preventing us from enacting essential reforms needed to lower prescription drug prices".

Trump's optimism, however, is not shared among some members of Congress.

'It's been so well reviewed I don't anticipate much of a problem, ' he said.

There was a question as to if Trudeau would show up to the signing ceremony.

It was Nieto's last day as president, and he touted the benefits of the new agreement.

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Earlier this week, Dolce and Gabbana canceled a major fashion show in Shanghai as the hashtag #BoycottDolceGabbana was trending. The company has since apologized and fired the employee responsible for the post.

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The closures will be accompanied by a broader restructuring, reducing GM's overall salaried and contract workforce by 15 percent. He won the county by about 6 percentage points, four years after then-President Barack Obama had won it by 23 points.

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One of the big issues is the future of the border between Ireland and Northern Ireland. Dutch prime minister Mark Rutte added: "This is the deal on the table.

But Trudeau, who considered not attending the ceremony that Trump was so eager for, refused to play along.

"Not only have they conceded market access but they have also gone along with the U.S.to ensure we can not be competitive on any world markets where the U.S.is present", said David Wiens, vice-president of Dairy Farmers of Canada.

USA tariffs on steel and aluminum remain in the agreement, something the three sides have been trying to iron out.

In one new feature, it requires that 40% of cars' contents eventually be made in countries that pay autoworkers at least $16 an hour - that is, in the United States and Canada and not in Mexico - to qualify for duty-free treatment.

A new Mexican president takes over Saturday, who might not honour the tentative deal struck by his predecessor.

After the three countries' leaders sign the pact, it must be ratified by their respective legislatures.

"With the signing of this agreement, President Trump has delivered on his promise to renegotiate NAFTA and protect American farmers, ranchers, businesses, and workers", it said in a statement. He urged Trump to remove tariffs on Canadian steel and aluminum, which have been cited as a factor in GM's decision to cut costs. 'The two leaders discussed their disappointment in the announced closures of General Motors plants in their respective countries and their plans for the upcoming G20 Summit'.

Meanwhile, a number of lawmakers and business groups are trying to push for the removal of US tariffs on steel and aluminum imports from Canada and Mexico, which have inflicted harm upon American manufacturers and consumers, raising costs for a wide array of industries.

The United States Mexico Canada Agreement (USMCA) is expected to replace NAFTA - a pact Trump has called a "disaster".

Steel and aluminum tariffs, once seen as a pressure tactic in trade talks, remain in place.

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