President Donald Trump on Monday said the trade deal with Canada and Mexico that replaces NAFTA will lead to thousands of jobs in the United States, adding that the two U.S. trading partners had agreed to labor, intellectual property and environmental provisions.
“These measures will support many – hundreds of thousands – American jobs,” he said in remarks at the White House. (Reporting by Steve Holland Writing by Lisa Lambert Editing by Paul Simao)
As Reported BY Reuters:
The new agreement, called the United States-Mexico-Canada Agreement (USMCA), is aimed at bringing more jobs into the United States, with Canada and Mexico accepting more restrictive commerce with the United States, their main export customer.
“These measures will support many – hundreds of thousands – American jobs,” Trump said at the White House, describing the trade deal as “the most important” the United States had ever made.
“It means far more American jobs, and these are high-quality jobs,” he said. Trump had repeatedly called NAFTA a terrible deal for the United States.
Any U.S. job gains are likely years away, but the deal provides Trump with a victory that he can tout at campaign rallies over the next month on behalf of fellow Republicans running in the Nov. 6 congressional elections.
He also spoke of record-low unemployment for African-Americans, Hispanics, Asian-Americans, women and the disabled. He spoke of large numbers of people falling off the food-stamp rolls and the influx of people coming back to the workforce.
According to The Hill, There is simply no denying that the public’s mood brightened almost immediately after the election of Donald Trump — notwithstanding the hordes that took to the streets — and the optimism remains at extremely high levels.
That optimism, revealed in surveys of consumers and business managers, has jacked up consumer spending, led to increased hiring and, perhaps most significantly, raised capital investment. That could be the key to several more quarters of expansion.