Trump & Mexican President Announce New Trade Deal Replacing NAFTA

  President Donald Trump and Mexican President Enrique Peña Nieto have announced a replacement to the North American Free Trade Agreement (NAFTA). An announcement from the Oval Office, featuring Peña Nieto on speakerphone, Trump informed reporters that the United States and Mexico are finishing up on "the largest trade deals ever made." 

   Trump said, "It’s a big day for trade. It’s a big day for our country." Trump then commented on what he will do to NAFTA, "I’ll be terminating the existing deal and going into this deal.” "They use to call it NAFTA.We’re going to call it the United States-Mexico trade agreement. We’ll get rid of the name NAFTA. Has a bad connotation, because the United States was hurt very badly by NAFTA for many years, "Trump said. 

  The Unied States' third largest trading partner is Mexico. Mexican President Pena Nieto commented on the new agreement as "very postive" for both nations. Pena Nieto told Trump, "recognize your political will and your participation in this." 

  Trump wrote on Twitter two days before the new agreement, "Our relationship with Mexico is getting closer by the hour. Some really good people within both the new and old government, and all working closely together....A big Trade Agreement with Mexico could be happening soon!"