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Former President Donald Trump is once again pledging to save American manufacturing and bring back jobs by rewriting a trade agreement with Mexico and Canada.
But this time, instead of replacing the North American Free Trade Agreement, known as NAFTA, which he has often described as the “worst trade deal ever made,” he wants to renegotiate his own trade deal.
Trump signed onto the US-Mexico-Canada Agreement, or USMCA, in 2018. It took effect in January 2020 and replaced NAFTA.
But now, he thinks it can be improved.
“Upon taking office, I will formally notify Mexico and Canada of my intention to invoke the six-year renegotiation provision of the USMCA that I put in,” Trump said last week during a speech at the Detroit Economic Club.
The USMCA includes a clause that requires a review by the three signatory countries at the six-year anniversary.
When asked by Fox News’ Maria Bartiromo in an interview that aired Sunday about his plan to renegotiate the USMCA, Trump said it would not undermine the deal he put together.
“I want to make it a much better deal. I want to take advantage, now, of the car industry,” he said.
Harris also wants to review the USMCA
Vice President Kamala Harris has also said she would use the USMCA review process.
Harris, who is now the Democratic presidential nominee, was one of 10 US senators who voted against USMCA at the time.
“I knew it was not sufficient to protect our country and its workers,” she said in a statement last week.
