President Trump announcing trade "understanding" with Mexico - FOX34 Lubbock

President Trump announcing trade "understanding" with Mexico

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President Donald Trump is announcing a trade "understanding" with Mexico that could lead to an overhaul of the North American Free Trade Agreement.

Trump made the announcement Monday in the Oval Office, with Mexican President Enrique Pena Nieto joining by speakerphone.

Canada, which is part of NAFTA, is not participating in the announcement. Trump says negotiations with Canada have yet to begin and is calling on the country to negotiate fairly. He's threatening anew to slap tariffs on Canadian cars if they fail to do what he wants.

Trump says the call is being held to "celebrate the understanding" the U.S. and Mexico have reached on trade.

He says, "It's an incredible deal for both parties."

(Copyright 2018 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)


Governor Greg Abbott today issued the following statement after the announcement that a trade agreement has been reached between the United States and Mexico. 

Today’s agreement between the U.S. and Mexico is a step in the right direction. Texas is the nation’s top exporting state, and with Mexico being our largest trading partner, this new deal should be good for the Texas economy. Canada is our second largest trade partner, and I remain hopeful that negotiations with Canada will be equally productive.

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