TRUMP: "Our new U.S.-Mexico-Canada Agreement — or USMCA — will replace NAFTA and deliver for American workers: bringing back our manufacturing jobs, expanding American agriculture, protecting intellectual property, and ensuring that more cars are proudly stamped with the four beautiful words: MADE IN THE USA."
THE FACTS: It's unlikely to do all those things, since the new agreement largely preserves the structure and substance of NAFTA.
Still, just before the agreement was signed, General Motors announced that it would lay off 14,000 workers and close five plants in the United States and Canada.
Philip Levy, senior fellow at the Chicago Council on Global Affairs and a trade official in Republican President George W. Bush's White House, says: "President Trump has seriously overhyped this agreement."
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EDITOR'S NOTE _ A look at the veracity of claims by political figures