Watch LIVE as President Trump speaks with reporters after unveiling the United States-Mexico-Canada Trade Agreement.
The Commander-in-Chief hailed the new trade deal as a major step forward for “workers and businesses” on all sides of the border; saying it will transform North America into a “manufacturing powerhouse.”
Watch the President speak from the White House below:
GOODBYE NAFTA: New North American Trade Agreement Named ‘USMCA’
Negotiators from the United States and Canada announced a new North American trade agreement over the weekend; officially ending NAFTA and unveiling the United States-Mexico-Canada Agreement -better known as the USMCA.
Officials from both countries released a statement Sunday evening ahead of the self-imposed midnight deadline; saying the new free trade agreement will benefit “workers, farmers, ranchers, and businesses” on all sides of the border.
“USMCA will give our workers, farmers, ranchers, and businesses a high-standard trade agreement that will result in freer markets, fairer trade and robust economic growth in our region,” the joint statement said. “It will strengthen the middle class, and create good, well-paying jobs and new opportunities for the nearly half billion people who call North America home.”
Congratulations to Mexico and Canada!
— Donald J. Trump (@realDonaldTrump) October 1, 2018
The President weighed-in on the international trade deal Monday morning; saying “Congratulations to Mexico and Canada!”
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.