Secretary of State Mike Pompeo issued the following press statement after a compromise was reached between the Canada, Mexico, and the United States to replace the North American Free Trade Agreement.
On December 10, U.S. Trade Representative Robert Lighthizer and White House Senior Advisor Jared Kushner announced a compromise agreement after months of intensive negotiations that will bring the United States, Mexico, and Canada closer to passage of the United States-Mexico-Canada Agreement (USMCA). They were hosted in Mexico City by President Lopez Obrador and Foreign Secretary Ebrard, along with Canadian Deputy Prime Minister Freeland. The USMCA is a new, modernized trade agreement for the 21st Century. It sets high standards for labor, the environment, digital trade, and more. The Department of State welcomes this opportunity to work with our partners in Canada and Mexico to improve free and fair trade among our three countries. Once implemented, the USMCA will protect North American jobs, raise economic prosperity, and continue to set the standard as the world’s economic powerhouse.