President Trump announced a new trade deal between the United States, Canada, and Mexico on Monday morning. He called it a “great deal for all three countries” which will “solve many deficiencies and mistakes” in NAFTA. 

Daily Caller has more:

Trump announced that the deal would be known as the U.S.-Mexico-Canada Agreement or USMCA. The deal will supersede NAFTA and fulfills a signature campaign promise of the Trump 2016 campaign. Trump frequently clashed with Canada and Mexico throughout the nearly two year renegotiation process on the deal.

The new deal “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,” U.S. and Canadian trade representative’s announced in a joint statement Sunday evening.

The deal eases restrictions on U.S. farm goods exported to Canada, a major sticking point between Trump and Canadian Prime Minister Justin Trudeau.

The Trump administration will now submit the new deal to Congress for approval where it must ratified.

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