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| Trump signs US Mexico Canada Agreement | Trump signs US Mexico Canada Agreement |
| (about 1 hour later) | |
| US President Donald Trump has formally signed a new trade pact with Mexico and Canada, bringing his campaign promise to replace the three countries' existing deal closer to fruition. | US President Donald Trump has formally signed a new trade pact with Mexico and Canada, bringing his campaign promise to replace the three countries' existing deal closer to fruition. |
| The US Mexico Canada Agreement (USMCA) is set to replace the 1994 North American Free Trade Agreement (Nafta). | The US Mexico Canada Agreement (USMCA) is set to replace the 1994 North American Free Trade Agreement (Nafta). |
| Mr Trump has described Nafta as America's "worst" deal and blamed it for a decline in manufacturing jobs. | Mr Trump has described Nafta as America's "worst" deal and blamed it for a decline in manufacturing jobs. |
| Canada has yet to ratify the pact but is expected to do so. | |
| The three countries announced they had reached a deal in 2018 after more than a year of negotiation. The accord has been working its way through the legislatures of the three countries ever since. | The three countries announced they had reached a deal in 2018 after more than a year of negotiation. The accord has been working its way through the legislatures of the three countries ever since. |
| In the US, Democrats, who control the House of Representatives, insisted on changes - including stronger labour rules - before voting in support of the measure. Those revisions were approved late last year. | In the US, Democrats, who control the House of Representatives, insisted on changes - including stronger labour rules - before voting in support of the measure. Those revisions were approved late last year. |
| Many of the original Nafta provisions will continue under the new accord, which governs more than $1tr in annual trade between the three countries. It also sets new terms for digital trade and increases US access to Canada's dairy market. | Many of the original Nafta provisions will continue under the new accord, which governs more than $1tr in annual trade between the three countries. It also sets new terms for digital trade and increases US access to Canada's dairy market. |
| The most eye-catching changes concern new rules for car companies, which are aimed at boosting production in the US. | The most eye-catching changes concern new rules for car companies, which are aimed at boosting production in the US. |
| The new deal requires a higher percentage of vehicles to be made in North America to qualify for tariff-free treatment. It also requires that a certain percentage of each vehicle be made by workers making at least $16 an hour. | The new deal requires a higher percentage of vehicles to be made in North America to qualify for tariff-free treatment. It also requires that a certain percentage of each vehicle be made by workers making at least $16 an hour. |
| At a White House signing ceremony on Wednesday, to which Democrats were not invited, Mr Trump said the new deal was a "massive win" that would end the Nafta "nightmare". | |
| He also thanked Republican senators for their role - joking that his compliments may be tied to his interest in their support at his ongoing impeachment trial. | |
| "Maybe I'm just being nice because I want their vote," he said. |