CANADA/MEXICO/NAFTA/TRADE DEALS/TRUMP AS PRESIDENT: “The United States and Mexico have reached an agreement to change parts of NAFTA, the trade deal that President Donald Trump has derided for years as unfair. Trump announced the agreement from the Oval Office Monday, with Mexican President Enrique Peña Nieto dialed in on a conference call. But the deal left open the question of whether Canada, the third country in NAFTA, would agree to the changes — and Trump himself said he wanted to throw out the name NAFTA altogether…US Trade Representative Robert Lighthizer said the agreement was ‘absolutely terrific’ and would modernize a trade deal that had ‘gotten seriously out of whack.’ He said he hoped Congress would approve it with broad bipartisan support…Much of the business world has been worried about Trump’s trade policies, and the stock market reacted positively to the news of a deal. The Dow closed nearly 260 points higher on Monday. The agreement between the two countries could restart negotiations on NAFTA with all three parties — the United States, Mexico and Canada. Despite Trump’s signal that the deal could lead to a bilateral trade agreement between the United States and Mexico, Peña Nieto, through a translator, expressed his “desire that now Canada will also be able to be incorporated in this.”
–Kevin Liptak, Jeremy Diamond and Katie Lobosco, “US and Mexico reach a preliminary trade deal that could replace NAFTA,” CNN Politics, CNN.com, August 27, 2018 5:05 pm