Trump announces ‘termination’ of NAFTA
President Trump announced that the US and Mexico have reached an agreement on a new trade deal called the United States-Mexico Trade Agreement, which will ultimately terminate the North American Free Trade Agreement (NAFTA). Trump called Mexican President Enrique Peña Nieto from the White House to announce the new deal. Among a number of changes to NAFTA, both parties agreed to a provision that would require a significant portion of vehicles to be made in high-wage factories, a measure aimed to discourage factory jobs from leaving the US. Trump said he is in communication with Canada about a new trade deal, but is unsure if it will be part of the US-Mexico Trade Agreement. The Trump administration expects the new pact to be signed by the end of November. (Map: CIA)