-mexico-canada agreement called usmca. it sort of just works. mca. usmca. that will be the name i guess that 99% of the time we'll be hearing, usmca. has a good ring to it. i have long contended that nafta was perhaps the worst trade deal ever made. since nafta's adoption the united states racked up trade deficits totaling more than $2 trillion and it's a much higher number than that with dcanada ad mexico it lost vast amounts of money and lost 4.1 million manufacturing jobs and one in four auto jobs. lost about 25% of our auto jobs, even more than that. throughout the campaign i promised to renegotiate nafta and today we have kept that promise. but for 25 years as a civilian, as a businessman, i used to see how could anybody have signed a deal like nafta. i watched new england and so many other places where i was just the factories were leaving the jobs were leaving. people were being fired. and we can't have that. so we have negotiated this new agreement based on the principle of fairness and reciprocity. to me it's the most important word in trade becaus

host: what does china, japan, the eu take from this usmca negotiation? guest: that has been the big issue. as a policy issue, political issue, it's been china. is basically balanced, has not lost a lot of jobs to nafta. it is really the china shock. china coming to the wto that is the big enchilada, things that republicans and democrats are concerned about. the two years spent on nafta has been time not spent to go shooting a deal with china. now both the eu and china are looking to, what will this mean for them? as we go into the midterm elections, the president may have a democratic congress that is less sympathetic to his goals and may be less willing partner. the chinese government reads the newspaper's just like folks in the u.s. do, and those of that will be the likely outcome of the election. so the president may not be going into a lot of new negotiations with as much political capital he had to begin with. host: joey is in search, new york. democrat. caller: thank you for c-span. i'm in dairy farmer myself and i do business in canada. let's go t

nafta to the usmca. have the trump administration tying to renegotiate with the third-largest economy -- trying to renegotiate with the third-largest economy in the world. it's not the same as renegotiating with south korea. for how much longer can this administration throw its weight around in negotiating these deals? geoff: i think -- it can. the u.s. economy is still the biggest economy in the world. the market is massive. trump has shown that he is prepared to create a bit of habit -- havoc if he doesn't get his way. the thing i take a lot of --ouraging from, the usmca encouragement from, the usmca and the trump statement when he was announcing it, he was putting out a clear message that he is prepared to do deals. if we take the point that there is not a lot different, i do congratulate the u.s. and making progress against canada over its dairy subsidies, something australian and other agricultural countries have been trying to do for a long time. he has made a clear statement that he is prepared to

mexico canada agreement, or, usmca. like ymca or united states marine corps, with a a at the end. i didn't want to use the name nafta because nafta has been so bad for us. ten years ago, 15 years ago, you look at new england where the factories were devastated. people forget. you still have empty buildings all over the country from nafta, and usmca is the most advanced, modern and balanced trade agreement ever negotiated. it's also the largest trade deal the united states has ever made. we think it's the largest trade deal ever made in the world. $1.2 trillion in commerce per year. the usmca will protect america workers, substantially increase exports of american agriculture, and our farmers are so happy. and she was so happy. and they didn't know if we be able to make a deal or certainly a fair deal for them. this deal will revitalize also the american auto industry. one thing i wanted, was, i don't want any incentives to get companies to leave our country, fire everybody, move to mexico, canada or someplace, and build cars and send them in, no tax and no nothing. in the meantime

now that we have the usmca deal, does that change or outlook?: obviously has done very well as a relatively defensive market. china,ooking at russia, because it performed so badly and valuations are solo. and places like brazil. a lot is going on. 20% earnings growth this year and next year. we think some of these high markets are worth a look right now. haidi: thank you so much for joining us. ben laidler there. let's get you a quick check of the latest business flash headlines. u.s. overlty from the historical breaches of sanctions on iran. the fine could be as much as $1.5 billion, although final negotiations i get to begin. as allegations release -- shery: india is season can stroll -- seizing control of il&fs, whose missed payments caused widespread upheaval. the new board will meet this week. they include india's richest banker. india has sucked to take control of the company twice, and done so wants -- once in 2009. ramping up theis fight against fake accounts ahead of the u.s. midterms. they removed 50 profiles in august that misrepresen

usmca. the negotiations came down to the wire. trump said a deal would not have happened without his trade threats. good >> by the way, without tariffs, we would not have a deal. just for the babies out there. congress, please don't charge tariffs. without tariffs you won't be -- we wouldn't be standing here. >> the entire republican leadership. trump plans to keep using them. the president calls usmca a new deal. it is a nafta modernization. think digital business and bio-tech. those did not exist. more access to the dairy market. it is a small part of u.s. and canada trade. this was a big campaign promise. the whole thing expires in 16 years. there are higher labor and wage standards. that is good news for american workers. here is a really important stat. look at this graphic. 2/5 of a car made in north america must be made by a worker making at least $16 an hour. that means higher wages and more domestic production. it does not kill the steel and aluminum tariffs. the next stop is congre

/mexico/canada agreement called usmca. sort of just works. mca. usmca. that will be the name, i guess, that 99% of the time we'll be hearing, usmca. has a good ring to it. i have long contended that nafta was perhaps the worst trade deal ever made. since nafta's adoption, the united states racked up trade deficits totaling more than $2 trillion, and it's a much higher number than that. with canada and mexico, it lost vast amounts of money. and lost 4.1 million manufacturing jobs and 1 in 4 auto jobs. lost about 25% of our auto jobs, even more than that. throughout the campaign, i promised to renegotiate nafta and today we have kept that promise. but for 25 years as a civilian, as a businessman, i used to say how could anybody have signed a deal like nafta? and i watched new england and so many other places where i was just the factories were leaving, the jobs were leaving, people were being fired. and we can't have that. so we have negotiated this new agreement based on the principle of fairness and reciprocity. to me, it's the most important word in tra

usmca.p said it would never have happened without the trade threats. >> by the way, without tariffs, we would not be talking about a deal. just for the babies out there, that includes congress. please don't charge tariffs. without tariffs, we would not be standing here. >> babies in congress. trump will continue to use tariffs for other trade deals like china. trump calls usmca a brand new deal for the economy. other big changes, more access to the canada dairy market. a small part of trade, but campaign promise. the whole thing expires in 16 years unless renegotiated. it means higher wages. especially auto workers. to stay duty free, 2/5 of a car sold in north america must be made by workers making $16 an hour. 75% of car parts must be made in north america to avoid tariffs or duty. the deal doesn't kill the steel and aluminum tariffs which mean higher costs. the next step is congress. does the president think the deal will pass? >> i think so. we have other alternatives. >> he did not spec

the criminal elements and drugs pouring in is more important to me as president than trade and the usmca, which is the new mexico and canada deal with the u.s. hopefully mexico will stop this at their northern border. all democrats fault for weak laws. the president talking about the

usmca. [applause] that will be the name, i guess, that 99% of the time we'll be hearing, usmca.od ring to it. i have long contended that nafta was perhaps the worst trade deal ever made. since nafta's adoption the united states racked up trade deficits totaling more than $2 trillion and it's a much higher number than that with canada and mexico. it lost vast amounts of money and lost 4.1 million manufacturing jobs and one in four auto jobs. lost about 25% of our auto jobs, even more than that. throughout the campaign, i promised to renegotiate nafta and today we have kept that promise. but for 25 years as a civilian, as a businessman i used to say how could anybody have signed a deal like nafta? and i watched new england and so many other places where i was just -- the factories and jobs were leaving. people were being fired and we can't have that. so we have negotiated this new agreement based on the principle of fairness and reciprocity. to me it's the most important word in trade because we've been treated so unfairly by so many nations all over the world. we're changing that

president trump celebrated the usmca.us now to discuss council of america's vice president eric farnsworth. great to have you with us. we have a new name for this trade deal. does it go any further than the old nafta or parts of the transpacific partnership? eric it does go further: in some ways. you could paint the picture that there are some clear wins here, not the least of which is that canada has agreed to stay in the agreement. i think that's huge. there was bipartisan agreement in the u.s. congress and between the business community and labor that, without canada, there was not a lot there. it was really important to get canada in. it's also very important that the u.s. has access to canadian dairy markets in a way that we have not before. the digital economy and trade provisions seem to be very good. there are some clear wins here. to your point, i think it's really important that the name has changed. nafta itself was a symbol for many years of people's dislocation in the global economy. their discomfort, their f

sort of just works usmca. that will be the name i guess that 99% of the time we'll hear, usmca.ing to it. i long contended that nafta was perhaps the worst trade deal ever made. since nafta's adoption, the united states racked up trade deficits totalling more than $2 trillion, and it is a much higher number than that. with canada and mexico, it lost vast amounts of money and lost 4.1 million manufacturing jobs and one in four auto jobs. about 25% of our auto jobs, even more than that throughout the campaign i promised to renegotiate nafta, and today we have kept that promise, but for 25 years as a civilian, as a businessman, i used to say how could anybody have signed a deal like nafta, and i watched new england and so many other places where i was just the factories were leaving, the jobs were leaving, people were being fired and we can't have that so we have negotiated this new agreement, based on the principle of fairness and reciprocity. to me, it is the most important word in trade because we have been treated so unfairly by so many nations all over the world, and we're cha

en las Últimas horas del domingo que reemplaza el tratado de libre comercio y llevarÁ el nombre de usmcagura que este tratado que estarÁ vigente a partir de 2020 abre nuevos mercados de estados unidos, mÉxico y canadÁ. borja: escuchamos al presidente. [habla en inglÉs] borja: respecto este nuevo acuerdo, enrique peÑa nieto, presidente de mÉxico publicÓ lo siguiente: " la modernizaciÓn de la acuerdo comercial entre mÉxico, canadÁ y estados unidos incluye 13 meses de negociaciones y logra lo que nos propusimos al inicio: un acuerdo, ganar, ganar, ganar". el primer ministro de canadÁ tambiÉn expresÓ su satisfacción a travÉs de twitter que decÍa asÍ: un buen día para canadÁ y nuestros socios comerciales mÁs cercanos. carolina: esto sucedÍa 90 minutos antes de que se pusiera la fecha lÍmite y que me le da tiempo a los estados unidos y que el presidente trump lo firme antes del 1 de diciembre que es el dÍa que entra el prÓximo presidente mexicano. borja: faltaba en agosto canadÁ y fue uno de los principales cambios que querÍa hacer donald trump cuando llegÓ algo que no porque dijo que ese acue

stwop nations said the nafta deal could be called the usmca. the president in the rose garden touting the benefits of the new deal. >> mexico and canada agreed to congress new labor protections, environmental protections and protections for intellectual property. this new dice an especially great victory for our farmers. our farmers have gone through a lot. they have been taken advantage of by everybody. prices have gone way down. this is a very, very big deal for our farmers. charles: here to discuss, curtis ellis, former trump campaign senior policy visor. hadley heath manning, and kelly jane torrance, the deputy managing edfor. promise made, promise kept. a lot of people didn't think it could be done. >> you are right. trump detractors on both sides of the aisle said it can't be done and he was crazy to try. not only is it a promise kept. but it could be a template for future deals as we try to restructure with china. it's about higher standard of living, higher wages. the only question is whether congress will get off their back side and ma

let's talk about usmca as it is now called. you didn't like the acronym of nafta and this is a different one. it's hard to remember this one but okay, usmca. you have to get it approved by congress, and you can't use fast-track authority in the lame-duck session, if i understand it so you have to get this approved in next congress. >> you could, david, i think but it's not likely. >> at 60 votes. >> that's correct. >> assuming you don't have 60 votes in the senate for whatever reason if use fast-track and you didn't get 60 votes incident you would have to do it next year. next to the house could be controlled by the democrats. are you confident you can get it through even with the democratic-controlled house, or you're not sure you can get it through? >> well look, what i would say is the democrats really support the working folks, the middle of main street manufacturing blue-collar working force. they will support this deal because many of those provisions are aimed at exactly that. you've got the domestic content, nafta conte

trump: usmca. that will be the name, i guess, that 99% of the time we will be hearing.t has a good ring to it. i have long contended that nafta was perhaps the worst trade deal ever made. since its adoption, the united states racked up trade deficits totaling $2 trillion -- a much higher number than that with canada and mexico. money, vast amounts of 4.1 million manufacturing jobs, and one in four auto jobs, so about 25% of our auto jobs. throughout the campaign i promise to renegotiate nafta, and today we have kept that promise. but for 25 years as a civilian and businessman, i used to say how could anybody have signed a deal like nafta? i watched new england in so many places where i was, just the factories and people were being fired in people relieving. we cannot have that. we've renegotiated this new agreement on the principle of their nest and reciprocity. to me it is the most in porton word andwe cannot have that. trade, because we have been treated -- it is the most important word in trade, because we have been treated so poorly. we had a horrible, horrible deal

, usmca, what does it mean for the carmakers? >> there is a bit of a relief rally especially for the big three who have large footprints both in canada and in mexico let's look at the numbers in terms of what will change for them really not a whole lot if you look at where they were last year, they -- automakers ailing to, not just the big three imported about 3.98 million vehicles from mexico and canada now have a cap at 5.2 million and have room to grow how much they build overseas and those two countries and then bring here. the regional content will go up to 75% but the expectation is that, look, they can do that there are a lot of parts imported via china into mexico in particular. that part is going to be closed off a little bit and, remember, mexico and canada, the two largest countries that we receive vehicles from in this country almost, what, 23, 24% of the vehicles take a look at shares of general motor, it is the number one importer of really production automaker, if you will, in canada and mexico, building about 1.19

lou: we have a new nafta agreement, it's the usmca for canada and mexico.resident touting tariffs at a rally for marcia blackburn in johnson city, tennessee. president trump: mexico and canada are partners now. that's a good thing. america is winning again and being respected again because we are finally putting america first. lou: america first. and a reminder could preorder burgess owens' new book, wh. kennedy: the that's top republican has a warning for democrats. quit delaying and resisting the kavanaugh vote. a poll shows more americans think the confirmation is the target of a smear campaign. christine blasey ford says she is 100% sure brett kavanaugh attacked her. president trump defended him

lou: we have a new nafta agreement, it's the usmca for canada and mexico. the president touting tariffs at a rally for marcia blackburn in johnson city, tennessee. president trump: mexico and canada are partners now. that's a good thing. because we are finally putting america first. lou: america first. and a reminder could preorder burgess owens' new ♪ >> we made history again when i announced to the world that we are replacing the job-killing disaster known as nafta. >> trump taking a victory last night for historic deal with canada and mexico as we learn more of the details. >> that new trade pact gives stocks shot in the arm yesterday. dow soaring nearly 200 points. s&p almost hitting a new record. >> as for today, we do have stock market futures sharply lower, the dow is down about half of one percent. 117 point downside and nasdaq is down 42. part that have could be oil watching oil

>> i mean, i think this is a cnge to the existing deal. >> reporter: usmca is not a done deal. there's still a lot o political uncertainty. the three countries have to ratify it, and e mexico will h new president in december. >> i think the biggest risk is in the united states. >> reporter: members of congress have to vote on it, and the mid terms are just a few weeks away. david gura, nbc tesprings, high vermont. >> he was a vocal critic of the saudi regime and now a inent journalist has did i appeared in turkey mission since tuesday. it's feared he may ovave been murdered by thenment he so often criticized in the american press. here's our chief correspondent nbc's richard engel. >> reporter: the mystery deepens tonight over the fate of jamal khashoggi. did the saudi royal family have him rdered? khashoggi was already living in self-imposed exile, afraid he'd be arrested in the saudi kingdom because of his erce criticism of the country's de facto ruler, crown prince mohammed bin salman. from abroad his attacks continued. he wrote articles in hington post" with headlines about

. >> usmca new deal, new name. it sets up trade parameters. here are the highlights as we know them. we got the text a few minutes ago. it covers the environment, intellectual property rights the big highlights are changes when it comes to dairy canada will ease dairy protections and open up market for the united states in a way that the trump administration says is better than the tpp. it protects canada from auto tariffs on our site, something they were concerned about although senior administration officials are very quick to point out that steel and aluminum tariffs are a different thing on a different tract being dealt with by the commerce department not part of this deal getting reaction this morning. a joint statement from the u.s. trade representative saying that this is going to be good for workers on both sides. congress just getting the text today. they'll start picking it apart because, of course, they have to approve it brian. >> big news to start your day. we appreciate you bringing it to us tracie potts, thank you very much. >>>

-mexico agreement, usmca. i think they could've found a better acronym. [laughing] i call it -- just trips off the tongue, doesn't it? a beautiful acronym. anyway, i'm delayed we reached an agreement with mexico and canada either way. i again, represent ohio we did have some concerned with existing north american free trade agreement because it had not been updated 24 years and it's time to do it. things like electronic commerce as an example but also on other issues where they're needed to be some change in the labor and departmental site and so on. if those are brought up to speed, there are of the aspects we will talk about but that was an initiative which again with so many balls in the air of my concern was who would probably take too much time to get the result because we are distracted by so many other things and it didn't take too much time but we got there. now we have this new agreement that's and decided on won't be voted on by congress until next year because of the amount of time it takes under hour trade promotion authority in congress. i i

we are calling it usmca. no more nafta. >> president trump rolled out this new trade agreement with canada and mexico today intended as you heard to take place of nafta at what was intended to be a victory lap ceremony the president boasted the deal will quote transform north america back into a manufacturing powerhouse. trump also defended his aggressive trade policies claiming those tactics led to this win. >> without tariffs we wouldn't be talking about a deal, just for those babies out there that keep talking about tariffs. that includes congress. please don't charge tariffs. without tariffs you wouldn't be -- we wouldn't be standing here. >> despite today's fan fare the original nafta remains in effect until the new deal can be approved by legislatures of all three countries. we have the go-to social media expert for a lot of us looking for someone to truth squad this. the crowd the president was talking to in tennessee tonight, what will they get from this? and can he argue with a straight face that naf

lou: we have a new nafta agreement, it's the usmca for canada and mexico.resident touting tariffs at a rally for marcia blackburn in johnson city, tennessee. president trump: mexico and canada are partners now. that's a good thing. america is winning again and being respected again because we are finally putting america first. lou: america first. and a reminder could preorder burgess owens' new all americans and our partners. here's lou. >>> good evening everyone. our top stories promise is kept. president trump eking a trade deal with canada and mexico that does away with the job killing nafta replacing it with an agreement that is fair and reciprocal, putting america first. >> once approved by congress, this new deal will be the most modern, up to date and balanced trade agreement in the history of our country. with the most advanced protections for workers ever developed. >> we will take up the economic significance of president trump's historic agreement with the director of

trade agreement, usmca. that will not be until november. the vote is after the midterms there is concerned there will be politics at play with this in particular if there is that blue wave. we talked about the possibility for november. where do you stand and are you worried about this scenario playing out as the president said today? that would be very bad for americans t would be bad deal for the people? >> i agree. politics is always in play, and if the democrats take over the house and senate, remember the democratic party is against trade agreements. their general position is to fight these trade agreements f they want to put politics over people, i would be concerned that democrats taking control would make sure this doesn't see the light of day. cheryl: do you think this really does show us finally, there has been so much nervousness of the president's handling of trade agreements whether china or europeans or mexico and canada, does this finally show us the president does have a strategy, that that strategy is working and this could

usmca. usmca. i refuse to call it nafta because nafta was such a horrible deal.even realize it. 50,000 plants and factories emptied out. millions and millions of jobs lost. we negotiated a new deal. i said there is no way i am calling it nafta 2. usmca. and we opened up agriculture, we opened up dairy. they are really happy. so congratulations. congratulations. we also signed a great new deal with south korea and the farmers are going to be benefiting there, too. we are working right now, they want to make a deal. i said you are not ready to make a deal yet. we are working on a deal with china. we will see. they have been hitting us hard for a long time. we have never had a president that did anything about it. $500 billion a year, that is a big one, they take out. right now we are doing extremely well with china. and let's see what happens. maybe we will do it, and if we don't, we will be in a better position. i also want to thank a man of incredible integrity and class. your governor, jeff collier. jeff, where's jeff? [applause] president trump: jeff is a great

usmca. okay. you have to actually get it approved by congress. you can't use fast track authority in the lame duck sessions, as i understand it. so you have to get this approved in the next congress. >> you could, david, i think. >> but it's 60 votes in the senate. >> that's correct. >> assuming you don't have 60 votes in the senate for whatever reason, if you used fast track, you would have to do it next year. next year the house could be controlled by the dem cats. >> possibly. >> are you confident you can get it through even with a democratic-controlled house, or you're not sure if you can get it through? >> well, look, what i would say is the democrats really support the working folks. middle, main street, manufacturing, blue collar working folks. they will support this deal because many of those provisions are aimed at exactly that. you've got the domestic content, but it's nafta content or usmca content, some wage adjustments, some very good adjudication and review procedures. this thing -- the president campaigned about the blue collar wor

usmca. usmca deal really eliminates of unfair trading practices, stops the flow of autos and machinery and other manufacturing out of the united states, much better for our workforce and much better for our blue collar folks who are booming according to the data. these are very good things for the u.s. economy. the president has delivered on another promise. >> bill: now, i hear from all sides saying it's a good deal. and when i hear that, larry, i scored a tie. i know you are making the case that it's better for america. did all three sides win on this? >> well yeah, i think so. look, one of the points yesterday in president trump's phone call with president trudeau is that the whole area now, the whole area of north america, usmca, is really going to be protected from unfair trading practices and en coachments. i don't want to name any names but i could say china. they aren't the only ones. i think that's a big plus for all three countries. and now that we have a deal, all the business sup

usmca is a big victory for wisconsin. i have to say this because we have a lot of great farmers in this country but i give wisconsin credit for it. i came up here once and it was rough. i was with ron johnson, a great senator who loves you. i was with paul ryan, i was with scott, i just going around and farmers came up to me. could you help me. i don't know that much about farming but i know about business. these great people came up, canada put a surcharge on our dairy product and they did this, they did that, i said it can't be that bad. than i would see another group, they had just put a tax on a specific type of specialty milk. what the do i know about specialty milk! it is funny it was a small part of the market but it was the wrong thing to do and it really angered -- in the big part of the market in dairy you are paying 275% tariffs. but this little tiny part of the special market got you. in other words you are paying it for years, which is a fraction of the big market that you accepted and you lived with it, basi

ohio republican governor john kasich is here with his thoughts on the usmca. and then, more jobs began to appear. these techs in a lab. this builder in a hardhat... ...the welders and electricians who do all of that. the diner staffed up 'cause they all needed lunch. teachers... doctors... jobs grew a bunch. what started with one job spread all around. because each job in energy creates many more in this town. energy lives here. but allstate helps you. with drivewise. feedback that helps you drive safer. and that can lower your cost now that you know the truth... are you in good hands? so let's promote our falle a homecomingtravel dealame, on choicehotels.com like this. touchdown. earn a free night when you stay just twice this fall. or, badda book. badda boom. book now at choicehotels.com at humana, we believe great things are ahead of you when you start with healthy. and part of staying healthy means choosing the right medicare plan. humana can help. with original medicare, you're covered for hospital stays and doctor office visits when you're sick. but keep

listen the president wants to talk about trade, usmca, very big deal. he had to talk to questions about his relationship with justin as well as brett kavanaugh and even the wall. that is after all what this was all about. get out to the rose garden and talk about the fact we made this huge replacement for nafta. i thought so, harris, his views of the press with whom he has sparred dating back to his days at a candidate. he likened his treatment to that of his supreme court nominee judge brett kavanaugh. >> i think the press treated me unbelievably unfairly. when i won, i said at least now the press finally gets it and will treat me fairly. it got worse! that is okay. i put up with it. >> well, that fair treatment maybe not so much. speaking of judge brett kavanaugh, the president was asked if he is limiting the investigation into the nominee, is seventh nominee. and if he would instruct council. >> i have so instructed him. i did it again over the weekend. i see the press was -- i don't want to use the word misleading. much more complex subject. i did a

the new usmca is next. the three countries will sign it in 60 days, then it has to be ratified by congress and then the governments of mexico and canada negotiations can india are going well and then talks with japan have just kicked off. according to trump's version of events, he said they called three weeks ago saying we want to keep your president happy president trump said that was a wise decision. back over to you >> some interesting things lately in those pressers i like the fell in love with kim jong-un. did you hear that? do you remember that >> he wrote him a beautiful letter >> better than the alternatives, i guess. >> so weird. >> you know -- >> you're right, it beats the alternative. >> it was also funny when the president said can you imagine if i drank in that's my only good quality can you imagine if i drank i would be a mess. >> can you imagine the tweets? >> can you imagine the twis. he doesn't do that thank you to ylan mui. sorkin, lead story here -- >> which one >> g ernge. i read this. g

usm usmca.out how much of a cloud of uncertainty was hanging over the market because of a lack of a nafta deal >> not so much here in america but canada clearly canada has been one of the worst performing markets for a while europe's underperformed, emerging markets have underperformed and global investors have been leaving the united states because of great returns last year and worried about the politics and tariff this is year so we think assets will come back to north america. all this does is build additional credibility for president trump and his negotiating style with respect to getting this deal done. consensus in canada thought this was not going to happen and the way he went around it, went to mexico first and got what he wanted with respect to this nafta agreement this is good for canada and the united states if you do the work and look at analysis with respect to earnings in canada and the united states, earnings and gdp have become increasingly correlated between the two countries.

we are very happy with the usmca, i don't want use the word nafta. as a terrible word. canadal with mexico and was fantastic. china wants to make a deal so badly. we will see where it goes. i don't think they are ready yet, personally. >> will they be energized because they saw the defeat of someone they wanted -- pres. trump: a lot of those were paid protesters. they were unhappy because they haven't been paid yet. that was professionals. that was orchestrated. when you look at the halls of congress and you see screaming like that, it's like child. one goes in the next goes. these are paid protesters. i don't know that their energy is great. the energy on the republican side, i don't think it is ever been greater. maybe 2016. >> [inaudible] you bardi got to supreme court justices through in your first term. how many more do you think you might get? pres. trump: a lot of theories on that. it could be three. under one theory it could before. and then some people could say to could happen. or two to fourne additional. we will see. i hope everyone remains healthy. i'm very

usmca. that will be the name i guess that 99% of the time we will be hearing. usmca. i have long contended that nafta was perhaps the worst trade deal ever made. since nafta's adoption, the united states racked up trade deficits totalling more than $2 trillion and it's a much higher number than that. with canada and mexico, it lost vast amounts of money and lost 4.1 million manufacturing jobs and one in four auto jobs, about 25% of our auto jobs, even more than that. throughout the campaign, i promised to renegotiate nafta and today, we have kept that promise. but for 25 years as a civilian, as a businessman i used to say how could anybody have signed a deal like nafta and i watched new england and so many other places where i was just the factories were leaving, the jobs were leaving, people were being fired, and we can't have that. so we have negotiated this new agreement based on the principle of fairness and reciprocity. to me it's the most important word in trade, because we have been treated so unfairly by so many nations all over the world. we are changing that

dan and sheldon were insistent trying to get that into the usmca agreement. we will be putting it into other agreements also. best beaches in the world. the coastlines are incredible. i will continue to do everything i can to stop other nations from making our oceans into their landfills. tot is why i am very pleased put my signature on this important legislation. i would like to thank dan and sheldon, all of the people that work hard on this. this was tough. a unanimous consent. bipartisan. did you ever think. bipartisan. that is pretty good. can you imagine trump and the white house? aboutt the president said the trump administration doing a great job on this. they are taking a lead globally. thank you. >> i want to thank sheldon. thank you. >> we can shake cans. -- shake hands. let's get this done. ok. with that we are completed. it is an honor. that goes a long way. we have notified other countries that have been abuser is. we have notified them about this. they tell us they are doing things. in some cases they are. they will be. thank you very much. that

. >>> you can say hello to nafta and hello to usmca. the deal comes together just before midnight sunday. the old nafta replaced by the usmca for u.s., mexico, kacanad agreement. expected winners, car manufacturers and farmers. but some policy experts say the agreement isn't really that new. >> this is the old nafta with a large number of small improvements, most of which were taken from the trans-pacific partnership or tpp that president obama negotiated that president trump withdrew from. >> tariffs remain in place while talks continue. he plans to send it to congress for approval. >>> audit the dmv, that's what lawmakers are demanding. some looking to repeal the gas tax met today in sacramento. last month, governor brown called for a state audit of the dmv to cut down on long wait times and systematic outages. for some, they say it's not enough. they want an independent audit of the department every three years. >>> governor brown vetoed a measure that would have required public universities to offer abortion pills on campus. uc berk

tom: i looked at usmca and the dictate of what president trump has clearly advocated.brings in canada and mexico. i do not want to get you in trouble, do canada and mexico cave into the rhetoric of president trump, and is that something we will see in the coming years as the president looks at multilateral and brings it to a unilateral approach? >> it is hard for me to say or make any comment, because we have not had a chance to review it. it has been in the making for 13 months, so it is obvious there must have been back-and-forth and trade-offs, and that is the point of negotiations. about,ngs i am pleased one it exists, and to have this agreement, trilateral agreement between mexico, u.s., and canada is a very positive. i'm encouraged because not so long ago many of us were in fear that there would be nothing, but there is an agreement. number two, the services are also partly or entirely -- i have not read it yet -- covered. and i think that is showing the way, like tpp was doing, expanding the on the products that cross borders to services, but not physically beca

i butchered yesterday with madame lagarde usmca. me, quoting the team from that legendary song. we went on to talk about the new trade agreement of canada, mexico, and the united states. >> the impact is there already. of the impact of all the measures that have been floating around that would have on global growth, then you're really talking about a major ,isk that would impact china because it is obviously one of the targets. also all the other countries that are part of the supply supply run materials. you're talking about emerging where a lot of the hardships and difficult decisions and financing are needed. how can we advocate domestic africa if theyin can no longer participate in trade and supply chain organizations because of the threat to trade at large? tom: to bring into this weekend and canada and the united states, the usmca, i had to write it down because it is such a new phrase. ymca.nk of it is usmca. tom: now i have a song in my head. i am not going to dance it. at usmca and look at the dictate of what president advo

of the usmca is historic transaction.ed. garrett tenney is at the white house with details on what they agreed to last night. >> good morning, y'all. the white house is billing this as fantastic deals. three details senior administration official. there are new rules on auto manufacturing. that will help bring more car production back to the u.s. personal farmers will now have an easier time getting their goods to canada and mexico including dairy, which has been a sticking point for president trump in regards to canada's dairy market. now, all three countries are expected to sign the deal by december 1st. now, here is how canadian prime minister justin trudeau reacted to the deal last night. > >> a good day for canada. >> u.s. trade agent robert lighthizer and christina freeland said usmca will give our workers, farmers, ranchers and businesses will high standard trade agreement that will result in freer markets, fairer trade and robust economic growth in our region. it will strategic and jobs for half a million people w

-mexico-canada agreement called usmca. [applause] usmca. be the name that 99% of the time we will be hearing, usmca. i have long contended nafta was perhaps the worst trade deal ever made. since nafta, the united states racked up trade deficits totaling over $2 trillion, and it is a much higher number than that. mexico lost vast amounts of money, and lost 4.1 million manufacturing, and one in four auto jobs, about 25% of auto jobs. throughout the campaign, i promised to renegotiate nafta, and today we have kept that promise. but for 25 years as a civilian, a businessman, i used to say, how could anybody has signed a deal like nafta? i watched new england, so many places where i was, just the factories were leaving, the jobs were leaving, people were being fired. we can't have that. so we have negotiated this new agreement, based on the principle of fairness and reciprocity. to me, it is the most important word in trade, because we have been treated so unfairly, by so many nations all over the world, that we are changing that. i just signed

tom: i looked at usmca and the dictate of what president trump has clearly advocated. an effort that brings in canada and mexico. i do not want to get you in trouble, but did canada and mexico cave into the rhetoric of president trump, and is that something we will see in the coming years as the president looks at multilateral and brings it over to a unilateral approach? >> it is hard for me to say or make any comment about the agreement, because we have not had a chance to review it. i have read the same articles as you have. it has been in the making for 13 months, so it is obvious there must have been back-and-forth, bargaining, and trade-offs, and that is the point of negotiations. two things i am pleased about, one is it exists, and to have this agreement, trilateral agreement between mexico, u.s., and canada is a very positive signal. i'm encouraged because not so long ago many of us were in fear that there would be nothing, but there is an agreement. number two, what i hear is that the services are also partly or entirely -- i have not read it yet -- covered. an