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Trump announces agreement with Mexico on NAFTA overhaul

President Trump said Monday the U.S. has reached an agreement with Mexico amid contentious talks on revamping the North American Free Trade Agreement (NAFTA).

Trump declared the name “NAFTA” would be scrapped for an updated North American agreement, saying it has “bad connotations.”

“It’s a big day for trade. It’s a big day for our country,” the president told reporters in the Oval Office, who were summoned to watch Trump speak by phone with outgoing Mexican President Enrique Peña Nieto.

Trump cast doubt on whether Canada would be party to a new trade agreement, saying, “We’ll see if Canada can be part of deal.”

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