PENCE FOR JOINING US THIS
MORNING.
IT'S MY GREAT HONOR TO ANNOUNCE
THAT WE HAVE SUCCESSFULLY
COMPLETED NEGOTIATIONS ON A
BRAND NEW DEAL TO TERMINATE AND
REPLACE NAFTA, AND THE NAFTA
TRADE AGREEMENTS WITH AN
INCREDIBLE NEW
U.S./MEXICO/CANADA AGREEMENT
CALLED U.S.MCA.
USMCA.
THAT WILL BE THE NAME I GUESS
THAT 99% OF THE TIME WE WILL BE
HEARING.
USMCA.
HAS A GOOD RING TO IT.
I HAVE LONG CONTENDED THAT NAFTA
WAS PERHAPS THE WORST TRADE DEAL
EVER MADE.
SINCE NAFTA'S ADOPTION, THE
UNITED STATES RACKED UP TRADE
DEFICITS TOTALLING MORE THAN $2
TRILLION AND IT'S A MUCH HIGHER
NUMBER THAN THAT.
WITH CANADA AND MEXICO, IT LOST
VAST AMOUNTS OF MONEY AND LOST
4.1 MILLION MANUFACTURING JOBS
AND ONE IN FOUR AUTO JOBS, ABOUT
25% OF OUR AUTO JOBS, EVEN MORE
THAN THAT.
THROUGHOUT THE CAMPAIGN, I
PROMISED TO RENEGOTIATE NAFTA
AND TODAY, WE HAVE KEPT THAT
PROMISE.
BUT FOR 25 YEARS AS A CIVILIAN,
AS A BUSINESSMAN I USED TO SAY
HOW COULD ANYBODY HAVE SIGNED A
DEAL LIKE NAFTA AND I WATCHED
NEW ENGLAND AND SO MANY OTHER
PLACES WHERE I WAS JUST THE
FACTORIES WERE LEAVING, THE JOBS
WERE LEAVING, PEOPLE WERE BEING
FIRED, AND WE CAN'T HAVE THAT.
SO WE HAVE NEGOTIATED THIS NEW
AGREEMENT BASED ON THE PRINCIPLE
OF FAIRNESS AND RECIPROCITY.
TO ME IT'S THE MOST IMPORTANT
WORD IN TRADE, BECAUSE WE HAVE
BEEN TREATED SO UNFAIRLY BY SO
MANY NATIONS ALL OVER THE WORLD.
WE ARE CHANGING THAT.
JUST SIGNED A MUCH BETTER DEAL
WITH SOUTH KOREA, WE HAD A
HORRIBLE, HORRIBLE DEAL AND WE
JUST SIGNED AT UNITED NATIONS
AND THAT'S WORKED OUT WELL AND
THEY'RE HAPPY, WE'RE HAPPY.
GOOD FOR JOBS, GOOD FOR A LOT OF
THINGS.
WHEN THAT DEAL WAS SIGNED THEY
SAID 250,000 JOBS.
WILL BE GIVEN BY SIGNING THIS
TRANSACTION.
THEY WERE RIGHT.
I HAVE SAID IT BEFORE, THEY WERE
RIGHT.
250,000 JOBS TO SOUTH KOREA, NOT
TO THE UNITED STATES.
SO THAT'S CHANGED AND VERY MUCH
FOR THE BETTER.
THIS ONE IS A BRAND NEW DEAL.
THE AGREEMENT WILL GOVERN NEARLY
$1.2 TRILLION IN TRADE WHICH
MAKES IT THE BIGGEST TRADE DEAL
IN THE UNITED STATES HISTORY.
I WANT TO CONGRATULATE U.S.
TRADE REPRESENTATIVE BOB
LIGHTHIZER, WHO HAS WORKED --
NOBODY UNDERSTANDS HOW HARD HE'S
WORKED.
[ APPLAUSE ]
NO MATTER WHEN YOU CALLED HIM,
HE WAS IN THE OFFICE OR HE WAS
IN SOMEBODY ELSE'S OFFICE DOING
THE SAME THING.
BOB LIGHTHIZER'S GREAT.
I HAVE HEARD IT FOR YEARS, I
SAID IF I EVER DO THIS, I WANT
TO GET LIGHTHIZER TO REPRESENT
US BECAUSE HE FELT THE WAY I
DID.
AND THE ENTIRE TEAM AT THE USTR
STANDING BEHIND ME, AND SOME
RIGHT HERE IN THE AUDIENCE, I
WANT TO THANK YOU ALL.
FANTASTIC JOB.
PETER NAVARRO, EVERYBODY.
THANK YOU ALL.
FANTASTIC GROUP OF PEOPLE.
THEY LOVE OUR COUNTRY.
I ALSO WANT TO THANK SECRETARY
MNUCHIN, SECRETARY ROSS,
SECRETARY NIELSEN, SECRETARY
PURDUE, JARED KUSHNER, PETER
NAVARRO AND THE UNITED STATES
AMBASSADOR TO CANADA, KELLY
KRAFT.
THANK YOU, KELLY.
I ALSO WANT TO THANK PRESIDENT
PENA-NIETO OF MEXICO WHO WE HAD
A FEW DISAGREEMENTS BUT I REALLY
LIKE HIM A LOT.
I THINK HE MAY LIKE ME, I'M NOT
SURE.
BUT I THINK HE'S A TERRIFIC
PERSON AND HE WILL BE LEAVING
SOON BUT HE'S REALLY DONE A GOOD
JOB.
WONDERFUL, WONDERFUL PERSON.
AND THE MEXICAN PRESIDENT-ELECT,
WHO HAS GIVEN HIS SUPPORT TO
THIS AGREEMENT AND WE ARE
DEVELOPING A REALLY GOOD
RELATIONSHIP WHICH I THINK IS
VERY IMPORTANT FOR OUR COUNTRY,
FRANKLY, AND FOR MEXICO, AND SO
THEY WORKED TOGETHER ON THIS.
THIS WAS DONE BY BOTH.
I SAID LOOK, I DON'T WANT TO
SIGN AN AGREEMENT AND THEN A NEW
PRESIDENT COMES IN, THEY DON'T
LIKE IT AND WE HAVE DIFFICULTY.
THEY WORKED VERY MUCH TOGETHER
ON IT AND I APPRECIATE IT FROM
BOTH.
I HAVE TO CERTAINLY GIVE MY
HIGHEST REGARDS TO PRIME
MINISTER OF CANADA, JUSTIN
TRUDEAU.
LOT OF STORIES CAME OUT ABOUT
JUSTIN AND I HAVING DIFFICULTY
TOGETHER.
WE DID OVER THE TRADE DEAL BUT
I'LL TELL YOU, IT'S TURNED OUT
TO BE A VERY, VERY GOOD DEAL FOR
BOTH AND A VERY, VERY GOOD DEAL
FOR ALL THREE.
IT PUTS US IN A POSITION THAT WE
HAVE NEVER BEEN IN BEFORE.
IT'S VERY GOOD WHEN YOU LOOK AT
THE WORLD AND WHAT THE WORLD IS
DOING AND WHEN YOU LOOK AT THE
UNFAIR TRADE PRACTICES, THAT
COUNTRIES ARE USING AGAINST THE
UNITED STATES, THIS IS A
TERRIFIC DEAL FOR ALL OF US.
ONCE APPROVED BY CONGRESS, THIS
NEW DEAL WILL BE THE MOST
MODERN, UP TO DATE AND BALANCED
TRADE AGREEMENT IN THE HISTORY
OF OUR COUNTRY.
WITH THE MOST ADVANCED
PROTECTIONS FOR WORKERS EVER
DEVELOPED.
IF YOU LOOK AT THE REVIEWS,
PEOPLE THAT WOULD NORMALLY NOT
UNDER ANY CIRCUMSTANCES SAY GOOD
THINGS, BECAUSE AUTOMATICALLY
THEY HAVE TO SAY BAD, EVEN SOME
DEMOCRATS SAY THAT'S AMAZING.
WE HAD SOME -- THEY HAVEN'T BEEN
GIVEN THE SOUND BITES YET, I
GUESS, BUT ACTUALLY YOU HAD SOME
DEMOCRATS SAY THIS IS REALLY
AMAZING IF HE REALLY GOT ALL OF
THAT.
BUT BY TOMORROW, I WOULD SUSPECT
THEY WILL CHANGE THEIR TUNE BUT
THAT'S OKAY, BECAUSE PEOPLE KNOW
HOW GOOD IT IS.
IT'S AN AMAZING DEAL FOR A LOT
OF PEOPLE.
LIKEWISE, IT WILL BE THE MOST
ADVANCED TRADE DEAL IN THE WORLD
WITH AMBITIOUS PROVISIONS ON THE
DIGITAL ECONOMY, PATENTS, VERY
IMPORTANT, FINANCIAL SERVICES
AND OTHER AREAS WHERE THE UNITED
STATES HAS A STRONG COMPETITIVE
ADVANTAGE.
MEXICO AND CANADA HAVE AGREED TO
STRONG NEW LABOR PROTECTIONS,
ENVIRONMENTAL PROTECTIONS AND
NEW PROTECTIONS FOR INTELLECTUAL
PROPERTY.
SO IMPORTANT.
THIS NEW DEAL IS AN ESPECIALLY
GREAT VICTORY FOR OUR FARMERS.
OUR FARMERS HAVE GONE THROUGH A
LOT OVER THE LAST 15 YEARS.
THEY HAVE BEEN TAKEN ADVANTAGE
OF BY EVERYBODY.
PRICES HAVE GONE WAY DOWN AND WE
ARE WORKING ON SOME OTHER DEALS
THAT ARE GOING TO MAKE THEM VERY
HAPPY ALSO, BUT THIS IS A VERY,
VERY BIG DEAL FOR OUR FARMERS.
MEXICO AND CANADA WILL BE OPENED
UP A LOT MORE THAN THEY ARE NOW,
AND I THINK THERE WILL BE A
BETTER SPIRIT BETWEEN THE THREE
COUNTRIES WHICH IS IMPORTANT FOR
OUR FARMERS.
THE AGREEMENT WILL GIVE OUR
FARMERS AND RANCHERS FAR GREATER
ACCESS TO SELL AMERICAN-GROWN
PRODUCE IN MEXICO AND IN CANADA.
THE DEAL INCLUDES A SUBSTANTIAL
INCREASE IN OUR FARMERS'
OPPORTUNITIES TO EXPORT AMERICAN
WHEAT, POULTRY, EGGS AND DAIRY,