>> USMCA.>> Trump fulminated against NAFTA as a candidate.>> Totally disastrous NAFTA, NAFTA, NAFTA. Job killing NAFTA.>> And said the renegotiation represents the fulfillment of a promise to voters.>> This is a terrific deal for all of us.>> The deal was reached late Sunday night between American and Canadian officials.
It's a breakthrough that caps off over a year of talks, that saw historically rock solid relations between Washington and Ottawa, tested like never before. Just last week, Trump publicly expressed his disappointment with Canadian Prime Minister, Justin Trudeau.>> Did you reject a one-on-one meeting with Canadian Prime Minister Justin Trudeau?
>> Yeah, I did.>> Why?>> Because his tariffs are too high and he doesn't seem to wanna move, and I've told him to forget about it.>> A very different tone on Monday.>> I have to give my very highest regards to the Prime Minister of Canada, Justin Trudeau.
>> The Canadians held firm on a key American demand in negotiations. The USMCA keeps in place NAFTA's chapter 19, which governs how trade disputes get resolved. In exchange, Trudeau agreed to allow more US dairy products across the border. The new deal significantly changes the rules for auto manufacturing, requiring a certain proportion of tariff-free cars be produced by high wage workers.
Something the White House says will keep auto makers from shifting production to Mexico. But NAFTA remains in effect until the new agreement passes through legislatures in Ottawa, Washington and Mexico City. The US Congress isn't expected to vote on the deal until 2019, by which point Democrats could have control in the House of Representatives, or possibly the Senate.