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Trump joins leaders of Canada, Mexico to sign new trade pact

  • Sat, 01 Dec 2018 04:05
Fri, 2018-11-30 (All day)

BUENOS AIRES: US President Donald Trump joined the leaders of Canada and Mexico at a global meeting in Argentina on Friday to sign a revised North American trade pact, fulfilling a longstanding political promise with a deal he celebrated as a “groundbreaking achievement.”
The US-Mexico-Canada Agreement is meant to replace the 24-year-old North American Free Trade Agreement, which Trump has long denigrated as a “disaster.” However, ongoing differences over steel and aluminum tariffs the US has imposed on its northern and southern neighbors encroached on the celebratory moment.
Trump appeared with Canadian Prime Minister Justin Trudeau and outgoing Mexican President Enrique Pena Nieto at the Group of 20 nations summit in Buenos Aires for the formal signing ceremony. Each country’s legislature must also approve the agreement.
“It’s been long and hard. We’ve taken a lot of barbs and a little abuse and we got there,” Trump said of the pact. “It’s great for all our countries.”
Legislative approval is the next step in the process, but could prove to be a difficult task in the United States, especially now that Democrats — instead of Trump’s Republicans — will control the House of Representatives come January. Democrats and their allies in the labor movement are already demanding changes to the agreement.
Within hours of the signing, Senate Democratic Leader Chuck Schumer said that for the deal to get majority support in Congress, it must have stronger labor and environmental protections and “must prove to be a net benefit to middle-class families and working people.”
While Trump hailed the revised trade pact, Trudeau was more measured and used the event to call on Trump to remove the steel and aluminum tariffs the US slapped on Canada and Mexico. Trudeau also referenced recent downsizing by General Motors in North America as a “heavy blow.” Trump did not mention the job losses.
“With hard work, good will and determination I’m confident that we will get there,” Trudeau said.
Pena Nieto, who will handoff to his successor Saturday, said he was honored to be at the signing on the last day of his administration, saying it is the culmination of a long process “that allow us to overcome differences and to conciliate our visions.”
The signing came at the front end of two days of tough diplomacy for Trump. On the top of his agenda is a Saturday dinner meeting with Chinese President Xi Jingping. which will determine if the two can ease escalating trade tensions. Before Trump arrived in Argentina he injected additional drama into the proceedings by canceling another high-stakes meeting, with Russian President Vladimir Putin.
On Friday, Trump opened the day with a cordial meeting at the Casa Rosada with Argentine President Mauricio Macri, a longtime business acquaintance. Posing for photos in the gilded Salón Blanco, Trump spoke about their longtime personal relationship and said they would discuss trade, military purchases and other issues.
“We’ve known each other a long while,” Trump said, noting he worked with Macri’s father on real estate developments. The businessman-turned-politician joked that when he and Macri first met they’d never have imagined their future roles on the world stage.
Macri is hosting the summit as he struggles with problems at home. He is trying to halt economic turmoil that has caused the steep depreciation of the Argentine peso.
Trump, who arrived in Buenos Aires late Thursday, barreled into the two-day meeting by announcing via Twitter that he was canceling a planned meeting with Russian President Vladimir Putin over Russia’s seizure of Ukrainian vessels. His agenda for the weekend includes meetings with world leaders, as well as a number of heavily choreographed group activities for the gathering of leaders of rich and developing nations.
Trump faces a series of diplomatic challenges over the weekend, most notably whether he can strike an agreement with Xi.
The president canceled on Putin not long after his former lawyer, Michael Cohen, revealed he had lied to Congress to cover up that he was negotiating a real estate deal in Moscow on Trump’s behalf during the Republican presidential primary in 2016. The news ensured any meeting with Putin would have put a spotlight on the special counsel’s investigation into whether the Trump campaign colluded with Moscow during the campaign. Trump has denied any wrongdoing.
Trump showed that the Russia investigation was testing his ability to stay focused on summit business after he blasted the investigation in a fresh tweet on Friday, again calling it a “Witch Hunt!“

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