Canadian Prime Minister Justin Trudeau struck a positive tone when asked to comment on President Trump’s new US-Mexico Trade Agreement Tuesday, saying he was “encouraged” by the rapid progress in recent weeks.
Trudeau was speaking in Montreal when he weighed-in on Trump’s move to “terminate” NAFTA and forge a bilateral trade deal with Mexico, saying “We have been encouraged by the progress made by our NAFTA partners over the past weeks. This is an important step to moving forward on renegotiating and improving NAFTA.”
“The team in Washington is digging into the progress made and looking at what the next steps are. We will engage in a positive and constructive way, as we always have been, and look forward to ultimately signing a deal, as long as it’s good for Canada and good for middle-class Canadians,” Trudeau said.
The President unveiled the US-Mexico Trade Agreement from the Oval Office Monday, praising the pact is one of the “largest trade deals” in history.
GREAT AGAIN: S&P 500 Hit ALL TIME HIGH after Trump’s ‘NEW NAFTA’ Deal
The stock market smashed records and monthly estimates Monday; posting huge gains just hours after President Trump unveiled a new US-Mexico Trade Agreement that sent Wall Street soaring.
Alongside Nasdaq which also hit record levels, the S&P 500 index “notched an all-time high” when it rose to 2,897.86 during midday trading.
“The tech-weighted Nasdaq reached an all-time high Monday, climbing 0.9 percent to cross over 8,000 for the first time ever. The S&P 500 also notched an all-time high, hitting 2,897.86 in intraday trades,” writes the New York Post.
“The Dow Jones industrial average, meanwhile, was recently up more than 250 points to cross 26,000 for the first time since early February. The index is still roughly 600 points below its all-time high of 26,616.71 set in January,” adds the author.
Read the full story at the New York Post.
IT’S OVER: Trump ‘TERMINATES’ NAFTA, Unveils New ‘US-Mexico Trade Agreement’
President Trump unveiled his plan to scrap the North American Free Trade Agreement Monday; announcing a new US-Mexico Trade Agreement hailed as “one of the largest trade deals ever made.”
The Commander-in-Chief addressed the American people from the Oval Office Monday afternoon; thanking senior negotiators from both nations for drastically overhauling the 24-year-old agreement the President routinely slammed as “one of the worst deals ever made.”
“I’ll be terminating the existing deal and going into this deal,” the president said in the Oval Office, calling it a “big day for trade.”
“We are starting negotiations with Canada pretty much immediately,” Trump said.
“They used to call it NAFTA, we are going to call it the United States-Mexico Trade Agreement, and we will get rid of the name NAFTA,” Trump said. “It has a bad connotation because the United States was hurt very badly by NAFTA.”
Read the full report at Fox News.