Press Release - President Donald J. Trump Secures A Modern, Rebalanced Trade Agreement with Canada and Mexico

DELIVERING AS PROMISED: President Donald J. Trump is keeping his promise to deliver a modern and rebalanced trade deal with Mexico and Canada.

• President Trump has negotiated a new United States–Mexico–Canada Agreement (USMCA), which will benefit American workers and businesses where North American Free Trade Agreement (NAFTA) has failed.
• For years, politicians have called for the renegotiation of NAFTA, but President Trump is following through where others have failed.
• This new agreement will update and rebalance the 24-year-old NAFTA with modern provisions to serve the interests of American workers and businesses.

BENEFITTING BUSINESSES, FARMERS, AND WORKERS: President Trump has secured a number of wins for American businesses and workers in USMCA.

• The Administration worked closely with partners to create a better deal that advances the interests of American workers, farmers, ranchers, and businesses.
• American auto manufacturers and workers will benefit from new rules of origin requiring 75 percent of auto content to be produced in North America.
  • The new agreement will incentivize billions of dollars in additional United States vehicle and auto parts production.
  • Workers will also benefit from rules that will incentivize the use of high-wage manufacturing labor in the auto sector, supporting better jobs for American workers.
• USMCA's labor chapter represents the strongest labor provisions of any trade agreement.
  • USMCA's labor chapter is a core part of the agreement and will make the labor provisions fully enforceable.
• USMCA is a win for American farmers, ranchers, and agribusiness as it includes important improvements that will enable food and agriculture to trade more fairly.
  • Canada will eliminate its "Class 7" program that allows low-priced dairy ingredients to undersell American dairy products.
  • Canada will provide new access for American dairy products, eggs, and poultry.

MODERNIZING OUR TRADE RELATIONSHIP: USMCA will bring our trade relationship with Canada and Mexico into the 21st century.

• NAFTA failed to keep up with the United States' changing economy.
  • For years, NAFTA rules have helped incentivize offshoring, leading many manufacturing jobs to leave the United States.
• The new agreement includes a modernized, high-standard chapter that provides strong protection and enforcement of intellectual property rights.
  • This includes 10 years of data protection for biologic drugs and a large scope of products eligible for protection.
• USMCA contains the strongest measures on digital trade of any agreement.
  • This includes rules to ensure data can be transferred cross-border and to minimize limits on where data can be stored.