President Trump made a huge announcement on Thursday about a deal he’s made with Mexico, then stated “one way or the other” that “Mexico is paying for the wall!”
Trump only had a handful of characters to go into detail with his announcement, but here’s exactly what it said:
I often stated, “One way or the other, Mexico is going to pay for the Wall.” This has never changed. Our new deal with Mexico (and Canada), the USMCA, is so much better than the old, very costly & anti-USA NAFTA deal, that just by the money we save, MEXICO IS PAYING FOR THE WALL!
— Donald J. Trump (@realDonaldTrump) December 13, 2018
“I often stated, One way or the other, Mexico is going to pay for the Wall. This has never changed. Our new deal with Mexico (and Canada), the USMCA, is so much better than the old, very costly & anti-USA NAFTA deal, that just by the money we save, MEXICO IS PAYING FOR THE WALL!” he wrote.
It appears as though Trump will use money from the United States-Mexico-Canada-Agreement (USMCA) to build the border wall he’s been talking about for the last two years.
Trump’s USMCA is a new version of the North American Free Trade Agreement, which is commonly referred to as NAFTA.
The new deal, which is not in effect yet, is said to be mutually beneficial for North American workers, farmers, and businesses.
It was designed to provide a balanced and reciprocal trade that will hopefully support high-paying jobs while growing the American economy.
The new agreement will include the following highlights:
Creating a more level playing field for American workers, including improved rules of origin for automobiles, trucks, other products, and disciplines on currency manipulation.
Benefiting American farmers, ranchers, and agribusinesses by modernizing and strengthening food and agriculture trade in North America.
Supporting a 21st Century economy through new protections for U.S. intellectual property, and ensuring opportunities for trade in U.S. services.
New chapters covering Digital Trade, Anticorruption, and Good Regulatory Practices, as well as a chapter devoted to ensuring that Small and Medium Sized Enterprises benefit from the Agreement.
*** While the United States, Mexico, and Canada have concluded a new, rebalanced agreement, NAFTA currently remains in effect. The USMCA can come into effect following the completion of TPA procedures, including a Congressional vote on an implementing bill.
Thus far, there is one slight issue.
Trump was recently requesting for Democrats to support a budget that will provide enough funding to allow the border wall to be constructed.
Trump was recently speaking with House Minority Leader Nancy Pelosi and Senate Minority Leader Chuck Schumer in a publicly viewed meetting and it became very heated when speaking about border security.
Both Schumer and Pelosi wanted to discuss in private, which is very concerning for anyone who is interested in transparency.
But it looks like Trump’s new deal will play a major role in funding the wall.