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New-look Nafta accord agreed

Monday, August 27, 2018

President Trump announced Monday that the United States has reached agreement with Mexico on a new trade deal that he declared will not be
called Nafta -- a name he said has bad connotations.

“It’s a big day for trade. It’s a big day for our country,” Trump told reporters gathered in the Oval Office to watch him speak by phone with
Mexican President Enrique Peña Nieto.

Trump said he would see if Canada could be part of the deal, but that a separate deal with Canada was possible. That would amount to the
biggest change yet in U.S. trade policy under the Trump administration if Trump rips up Nafta and replaces it with a bilateral deal with Mexico.