The White House • August 27, 2018
Announced this morning, President Donald J. Trump is delivering on his promise to renegotiate the North American Free Trade Agreement (NAFTA) so all American workers can benefit. After years of promises by politicians, this is the first time that a modern American trade agreement has been renegotiated.
The 24-year-old NAFTA was outdated and unbalanced, hurting American jobs and businesses as factories closed and jobs were exported. The old deal contributed to our ballooning annual goods trade deficit, which grew from $115 billion in 1993—the year before NAFTA’s implementation—to a staggering $800 billion in 2017.
The new U.S.–Mexico Trade Agreement protects American workers, American manufacturing, and American agriculture. New “rules of origin” requirements will encourage billions a year in vehicle and automobile parts production in the United States, supporting high-wage jobs across the country. The deal will also include the strongest, fully enforceable labor standards of any trade agreement.
“Many people thought that this was something that just couldn’t happen because of all of the different factions, all of the different sides, and the complexity,” President Trump said this morning. “And we made it much simpler, much better. Much better for both countries.”
Two First Ladies, two campaigns for children
President Trump and First Lady Melania Trump welcomed President Uhuru Kenyatta of the Republic of Kenya and First Lady Margaret Kenyatta to the White House today.
During President Trump’s bilateral meeting with President Uhuru, Mrs. Trump and Mrs. Kenyatta discussed their respective initiatives on behalf of children: Mrs. Trump’s Be Best campaign and Mrs. Kenyatta’s Beyond Zero Initiative.
“The determination with which Kenya strives to create better lives for its children is a shared compassion with the United States,” Mrs. Trump said. “I am very much looking forward to visiting Africa.”
Used with the permission of WhiteHouse.gov.