President Donald Trump made significant remarks on Wednesday, touching on various major topics including the US-Mexico-Canada Agreement (USMCA), Russia-Ukraine peace talks, and his controversial fuel economy proposal.
President Trump stated that the USMCA, which is set to undergo a review soon, could either expire or be replaced with a new agreement. "The USMCA will either expire, or we'll work out another deal," Trump said during a press briefing. The agreement, which was signed in 2018 under Trump’s administration, has been a cornerstone of his trade policy with Canada and Mexico, but now faces questions about its future amid changing geopolitical and economic conditions.
In a separate update, Trump also commented on the ongoing Russia-Ukraine peace talks, after U.S. envoys Steve Witkoff and Jared Kushner met with Russian President Vladimir Putin in Moscow earlier this week. Trump described the meeting as "reasonably good" but added that it was still unclear what the next steps would be. He noted that Russia is "very strongly" seeking a deal to end the war in Ukraine, though he cautioned that "it takes two to tango," referring to the complexities of international negotiations.
Additionally, Trump revealed he had spoken with NVIDIA CEO Jensen Huang but did not elaborate on the specifics of their conversation.
The President also addressed concerns surrounding his fuel economy proposal, which is projected to cost American drivers an additional $185 billion by 2050. The proposal, which aims to roll back fuel efficiency standards, has sparked debate over its long-term impact on both the economy and the environment. Trump defended the move, arguing that it would benefit American industries in the long run, but critics have warned of potential negative effects, particularly on consumers at the gas pump.
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