"In the United States the new trade pact will support high-paying manufacturing jobs and promote greater access for American exports across the range of sectors including our farming, manufacturing, and service industries", Trump said.
If Trump makes good on his threat, congress would need to pass the USMCA within six months; failure to act could lead to the cancellation of both agreements, impacting free trade between the three countries.
President Donald Trump, Canada's Prime Minister Justin Trudeau, right, and Mexico's President Enrique Pena Nieto, left, participate in the USMCA signing ceremony, Friday, Nov. 30, 2018 in Buenos Aires, Argentina.
The original NAFTA deal was signed in 1992 by former President George H.W. Bush.
"It's disappointing but not surprising" that the USA president would try to force Congress to reinstate the status quo of #NAFTA, instead of working constructively with Congress to improve his proposed agreement, Henry Connelly, a spokesman for House Democratic leader Nancy Pelosi, said on Twitter Sunday morning.
President Donald Trump said Saturday night that he will formally terminate the North American Free Trade Agreement 'shortly'. It passed Congress the following year, and took effect in 1994. But with Democrats taking over the House of Representatives in January, the president could have an upward battle to get the new deal cleared.
On Sunday, Henry Connelly, a spokesman for Pelosi, told the New York Times that it was "disappointing but not surprising" that Trump was trying to force Congress to approve the new deal.
"I think they're betting on Congress not letting it all go to hell", she said. These details are critically important for New Mexico families, and I look forward to working with my colleagues in Congress to implement improvements to this deal that ensure border states and communities continue to thrive while safeguarding our environment and creating strong, enforceable protections for workers. Since Democrats now control the House of Representatives, their support will be crucial for the USMCA to get Congressional approval.