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Trump announces 'incredible' trade deal with Mexico
https://www.bbc.com/news/business-45323634
The US and Mexico have reached common ground on key trade terms as pressure mounts to complete renegotiation of the North American Free Trade Agreement.
US President Donald Trump, a frequent critic of the existing deal, announced the apparent breakthrough on Monday.
He demanded renegotiation of the 1994 trade agreement, which he blames for a decline in US manufacturing jobs, especially in the auto industry.
In a televised appearance at the White House, Mr Trump said the US and Mexico had agreed on terms that would make for an "incredible" deal that was "much more fair".
US officials said they expected to resume talks shortly with Canada, which has not participated in the discussions in recent weeks.
But Mr Trump also said he is not committed to a three-country agreement and would be willing to strike separate, bilateral deals.
US shares gained on Monday. The Mexican peso also climbed.
Trump says he's 'terminating' NAFTA, announces new trade agreement with Mexico
http://www.foxnews.com/politics/2018/08/27/us-mexico-reach-tentative-new-nafta-deal-sources-say.html
President Trump on Monday said he plans to terminate the existing North American Free Trade Agreement, as he announced a new tentative agreement between the United States and Mexico that he described as "one of the largest trade deals ever made."
"I'll be terminating the existing deal and going into this deal," the president said in the Oval Office, calling it a "big day for trade."
Trump, sitting at the Resolute Desk, put Mexican President Enrique Peña Nieto on his speaker phone as the press watched in the Oval Office. The Mexican president, speaking through a translator, congratulated the negotiators on both sides
“Canada is encouraged by the continued optimism shown by our negotiating partners,” a spokesman for Canada's minister of foreign affair, Chrystia Freeland, said Monday..
