10:18 GMT +317 October 2018
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    President Donald Trump speaks during a news conference at the Lotte New York Palace hotel during the United Nations General Assembly, Wednesday, Sept. 26, 2018, in New York

    Trump Delivers Speech on New Trade Deal With Mexico, Canada

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    US President Donald Trump is holding a news conference at the White House to discuss a new trade agreement reached over the weekend with Mexico and Canada.

    During the press conference, the US president said that he would sign the new United States-Mexico-Canada Agreement (USMCA) on trade by the end of November.

    "I plan to sign the agreement by end of November. I then will submit it for approval to Congress, where in theory there should be no trouble, but anything you submit to Congress is trouble no matter what," Trump told reporters.

    Earlier, US Trade Representative Robert Lighthizer and Canadian Foreign Minister Chrystia Freeland said in a joint statement that the United States, Canada and Mexico had reached a trilateral trade deal dubbed the United States- Mexico-Canada Agreement (USMCA).

    The agreement will be signed by all three countries within the next 60 days, according to local media outlets.

    The United States, Canada, and Mexico have been involved in talks to renew NAFTA for more than a year.

    NAFTA has been in place since 1994, but Trump threatened to leave if the new negotiations failed to produce an agreement more favorable to the United States.

    Follow Sputnik's live feed to find out more.

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    trade agreements, trade, agreement, NAFTA, Canada, United States, Mexico
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