Trump: USMCA makes US stronger and better
President Trump comments on the stock market reaching historic highs and the passage of USMCA while recognizing the LSU Tigers for their national championship victory.
WINNIPEG, Manitoba (Reuters) – The Canadian government will unveil legislation to ratify the United States-Mexico-Canada trade deal on Jan. 29, Prime Minister Justin Trudeau said on Tuesday.
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Speaking to reporters ahead of parliament's return on Monday, Trudeau said Canada would immediately move forward on ratifying the trilateral trade pact, known as USMCA, with the United States and Mexico.
"Passing the new NAFTA in parliament is our priority,'' Trudeau said while flanked by members of his cabinet following a three-day retreat. He noted millions of Canadians depend on stable, reliable trade.
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Canada is the last country to ratify the revamp of the 26-year-old North American Free Trade Agreement (NAFTA) that includes tougher rules on labor and automotive content. The deal cannot take effect until it has been ratified by all three member nations.