Trump Closes Major Trade Deal With Canada, Mexico

Deal involves over a trillion dollars of mutual trade

Image Credits: Martin Bernetti / Contributor / Getty.

The United States, Canada and Mexico signed a North American trade pact on Friday, and President Donald Trump brushed aside difficulties he may have in getting the deal through U.S. Congress, where the opposition Democrats will control one of its two chambers from January.

The leaders of the three countries agreed on a deal in principle to govern more than a trillion dollars of mutual trade after a year and a half of acrimonious negotiations concluded with a late-night bargain just an hour before a deadline on Sept. 30.

Friday’s signing potentially ends a big source of irritation for the U.S. administration as it pivots to a much bigger trade fight with China that threatens the global economy. All eyes are on a meeting between Trump and Chinese President Xi Jinping on Saturday after a G20 summit in Buenos Aires.

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