WASHINGTON — The Senate overwhelmingly approved a new North American trade agreement Thursday that rewrites the rules of trade with Canada and Mexico and gives President Donald Trump a major policy win before senators turn their full attention to his impeachment trial. The vote was 89-10. The measure goes to...
After Impeachment, House Bestows Big Trade Victory on Trump
WASHINGTON — One day after its historic impeachment votes, the Democratic-led House gave President Donald Trump an overwhelming bipartisan victory Thursday on a renegotiated trade agreement with Canada and Mexico. By a 385-41 vote, the House approved a bill that puts in place terms of the United States-Mexico-Canada Agreement. The legislation passed...
Commission: New NAFTA would deliver modest economic gains
WASHINGTON — President Donald Trump's new North America trade agreement would give the U.S. economy only a modest boost, an independent federal agency has found. The International Trade Commission said Thursday that Trump's U.S.-Mexico-Canada agreement would lift the U.S. economy by 0.35%, or $68.2 billion, and add 176,000 jobs six...
How NAFTA 2.0 Will Shake up Business as Usual
WASHINGTON — American dairy farmers get more access to the Canadian market. U.S. drug companies can fend off generic competition for a few more years. Automakers are under pressure to build more cars where workers earn decent wages. The North American trade agreement hammered out late Sunday between the United...
US, Canada Reach Deal to Stay in Trade Pact With Mexico
WASHINGTON — Canada is back in a revamped North American free trade deal with the United States and Mexico after weeks of bitter, high-pressure negotiations that brushed up against a midnight deadline. In a joint statement, U.S. Trade Representative Robert Lighthizer and Canadian Foreign Affairs Minister Chrystia Freeland said the...
US-Mexico ‘Understanding’ Could Overhaul NAFTA
President Donald Trump is announcing a trade "understanding" with Mexico that could lead to an overhaul of the North American Free Trade Agreement. Trump made the announcement Monday in the Oval Office, with Mexican President Enrique Pena Nieto joining by speakerphone. Read a transcript of their phone call at this...
FACT CHECK: Trump Falsely Claims Historic Turnaround
WASHINGTON— President Donald Trump falsely claimed Friday he's pulled off "an economic turnaround of historic proportions." Speaking at the White House after the government reported that the economy grew at an annual rate of 4.1 percent in the second quarter, Trump declared that the gains were sustainable and would only...
That 6% Growth Trump Predicted? It Won't Happen This Year.
Think back to December. Two weeks before Congress passed the Republican tax-reform bill, President Donald Trump predicted that, with tax cuts in place, the American economy would grow by as much as 6%. It's clear now that Trump's data-defying boast won't become reality — although the economy is performing better...
Mexico's Victor Reaches Out to Trump, Seeks NAFTA Deal
MEXICO CITY — The morning after his crushing election victory, Mexico's president-elect Andres Manuel Lopez Obrador thanked President Donald Trump for his congratulation message and said he'll contact the U.S. leader to "reach an understanding." Lopez Obrador said in an interview Monday with the Televisa news network that Trump's Tweet...
Zakaria: Trump's Deals Are Spin, Not Wins
Nearly 500 days into his presidency, Donald Trump has yet to demonstrate he is the master dealmaker he purports to be, says Washington Post columnist Fareed Zakaria. He observes in his May 25 opinion piece, "By now it is obvious Trump is actually a bad negotiator — an impulsive, emotional...