Is the new NAFTA the biggest trade deal ever, as Donald Trump said?
By Manuela Tobias on Saturday, December 1st, 2018 at 4:16 p.m
President Donald Trump sat down with the Canadian and Mexican heads of state to sign the renegotiated North American Free Trade Agreement, or NAFTA, at the G20 summit in Buenos Aires, Argentina, on Nov. 30.
And of course, Trump touted the deal redubbed the United StatesMexicoCanada Agreement, or USMCA with superlatives.
"The USMCA is the largest, most significant, modern and balanced trade agreement in history," Trump said. "All of our countries will benefit greatly. It is probably the largest trade deal ever made, also."
Trumps statement is somewhat subjective, so we wont place it on the Truth-O-Meter. But we took a closer look at how big and important USMCA really is. If you wanted to argue against Trump that it wasnt the largest, most significant or balanced you would have a lot of evidence to draw on.
NAFTA vs. USMCA
https://www.politifact.com/truth-o-meter/article/2018/dec/01/new-nafta-biggest-trade-deal-ever-donald-trump-g20/