President Trump signed into law a rewrite of the rules of trade with Canada and Mexico that he said replaces the “nightmare” of a Clinton-era agreement and will keep jobs, wealth and growth in America.
“This is a cutting-edge, state-of-the-art agreement that protects, defends and serves the great people of our country,” Trump said in an outdoor signing ceremony at the White House, where the invitation list included more than 70 Republican members of Congress but no Democratic legislators. “Together we are building a glorious future that is raised, grown, built and made right here in the glorious U.S.A.
“What the president will be signing is quite different from what the president sent us,” said House Speaker Nancy Pelosi . “We were able to make vast improvements. If we weren’t, we would not have been able to pass the bill.” His trade negotiator, Robert Lighthizer, pressed for a revamped pact designed to bring factory jobs back to the United States. The new agreement, for example, requires automakers to get 75% of their production content from within North America to qualify for the pact’s duty-free benefits. That means more auto content would have to come from North America, not be imported more cheaply from China and elsewhere.
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