According to President Trump, he and Mexican President Enrique Peña Nieto are set to reach a trade deal which will be “one of the largest trade deals ever made. Maybe the largest trade deal ever made.”
That is good news for American farmers, American workers, and will be a “big hit” according to Trump and Vice President Pence.
Our new Trade Deal with Mexico focuses on FARMERS, GROWTH for our country, tearing down TRADE BARRIERS, JOBS and having companies continue to POUR BACK INTO OUR COUNTRY. It will be a big hit!
— Donald J. Trump (@realDonaldTrump) August 29, 2018
Spoke to members of the @SenateGOP today about @POTUS Trump’s historic U.S.–Mexico Trade Agreement and about passing the 2018 Farm Bill to support our great American farmers and to greater strengthen our booming economy.
— Vice President Mike Pence (@VP) August 28, 2018
The deal will be particularly important for Trump supporters as Trump said in the deal Mexico would be paying for the border wall.
“Yeah, the wall will be paid for very easily, by Mexico,” Trump said to a group of reporters in the Oval Office. “It’ll ultimately be paid for by Mexico.”
Promises made, promises kept.
— Fox News (@FoxNews) August 28, 2018
— Donald J. Trump (@realDonaldTrump) August 27, 2018
A Fox News op-ed praised the Mexican trade deal and called it one of the top two “most visible manifestation of Trump’s fulfillment of his campaign promises”:
Second only to the booming economy, Monday’s announcement of a deal with Mexico is the most visible manifestation of Trump’s fulfilment of his campaign promises. Last year, the USA had a large $71 billion trade in goods deficit with Mexico, owing in part to much lower worker pay. This new deal will limit Mexico’s ability to take U.S. manufacturing jobs by underpaying workers.
Another key part of the new trade deal increases the percentage of a car that must be made in North America to qualify for lower-tariff import into the USA. This will be a major boon to American automotive workers and that industry’s domestic supply chain.
Trump understood the simple math that countries with which we have trade deficits would have to come to the negotiating table. By definition, we buy more from them than they buy from us, which gives us the power any major consumer has over a seller. These countries also cannot afford to lose access to our $20 trillion economy—the world’s largest. Trump realized the power this gives us and decided to use it to level the playing field for American workers—unlike other recent presidents.
The Mexican government responded later and said they would not and “will NEVER” be paying for the wall. It is unclear whether Trump plans to have the wall explicitly funded in the trade deal or if he plans to have a trade surplus with Mexico – which would ultimately fund the wall.
“We just reached a trade understanding with the US, and the outlook for the relationship between our two countries is very positive. We will NEVER pay for a wall, however,” Mexican Foreign Minister Luis Videgaray Caso said on Tuesday after, as Politico reports. “That has been absolutely clear from the very beginning.”
We just reached a trade understanding with the US, and the outlook for the relationship between our two countries is very positive. We will NEVER pay for a wall, however. That has been absolutely clear from the very beginning.
— Luis Videgaray Caso (@LVidegaray) August 28, 2018
Trump, speaking just a day after touting a new trade agreement with Mexico, told reporters following a meeting with Gianni Infantino, president of the international soccer governing body FIFA, that Mexico will “easily” pay for a wall along the U.S.-Mexico border.
Trump, who has taken a hard stance on immigration, has called for a border wall since early in his presidential campaign. He said Mexico would pay for it, which Mexican President Enrique Peña Nieto has denied.
Trump has asked Congress for $25 billion to be allocated to building a wall. Currently, the Senate is angling to give Trump $1.6 billion for the wall.
Note: The author of this article has included commentary that expresses an opinion and analysis of the facts.
Luis Videgaray Caso on U.S.-Mexico trade deal: “It’s a breakthrough and it shows that two countries can actually get together and do a good deal. A good deal for both of them, that is reciprocal, that is fair.” @IngrahamAngle https://t.co/oJcRAZvZWV pic.twitter.com/fuIGwNjY3U
— Fox News (@FoxNews) August 28, 2018