Nov 30, 2018

North American leaders sign revamped USMCA trade deal

Photo: Saul Loeb/AFP/Getty Images

President Trump, Canadian Prime Minister Justin Trudeau and Mexican President Enrique Peña Nieto signed onto USMCA — the United States-Mexico-Canada Agreement, a revamped version of NAFTA — at the G20 summit in Buenos Aires on Friday.

The big picture: The deal still has to be approved by Congress, which is far from guaranteed, as well as the Canadian and Mexican legislatures. And even though USMCA only contains modest changes from NAFTA, Trump still views the deal as a major win after promising on the campaign trail to get rid of the "single worst trade deal ever approved."

  • CBC News reports that Canada is calling the deal CUSMA, or the Canada-United States-Mexico agreement, "in all its own documents, and Foreign Minister Chrystia Freeland still occasionally calls it 'the new NAFTA.'"
  • At the signing, Trudeau once again urged Trump to get rid of the aluminum and steel tariffs the White House imposed earlier this year, which have remained in place despite the new trade agreement.
  • Treasury Secretary Steven Mnuchin said in a statement, per CBS' Mark Knoller, that USMCA is "a critical step in modernizing and rebalancing North American trade."

Go deeper: Breaking down the rapid NAFTA rebrand

Go deeper

Trump's big, empty beef with Twitter

Illustration: Aïda Amer/Axios

President Trump finally acted on his now year-old threat to take action against social media platforms for alleged bias against conservatives. But so far, according to experts in both government and the industry, the threat looks mostly empty.

Driving the news: Trump escalated his war on Twitter Friday morning, tweeting repeatedly that the company needs to be regulated after it overnight added a warning label to a tweet of his calling for the military to start shooting looters, which violated Twitter’s rules against glorifying violence.

In photos: Protests over George Floyd's death grip Minneapolis

The Third Police Precinct burns in Minneapolis on Thursday night. Photo: Stephen Maturen/Getty Images

Demonstrators demanding justice burned a Minneapolis police station and took control of the streets around it last night, heaving wood onto the flames, kicking down poles with surveillance cameras and torching surrounding stores.

What's happening: The crowd was protesting the death of George Floyd, an unarmed black man whose life was snuffed out Tuesday by a white Minneapolis police officer who kneeled on his neck for about eight minutes.

Minneapolis mayor to Trump: “Weakness is pointing your finger” during a crisis

Minneapolis Mayor Jacob Frey fired back at President Trump on Friday, after the president accused the mayor of weak leadership amid violence sparked by the killing of an unarmed black man by a white police officer.

Driving the news: Trump made his accusations in a pair of tweets early Friday, saying he would bring the national guard into Minneapolis if Frey couldn't “bring the City under control.”