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News Wrap: U.S., Mexico reach tentative agreement on new trade deal

In our news wrap Monday, the U.S. and Mexico reached tentative agreement on a trade deal to replace NAFTA. Next, the administration will negotiate with Canada, whose foreign ministry said it’s “encouraged” by the progress to date. Meanwhile, Iran argued in front of the International Court of Justice today that economics sanctions imposed by the U.S. violate a 1955 treaty and should be suspended.

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  • John Yang:

    The United States and Mexico have reached tentative agreement on a trade deal that could replace NAFTA, the North American Free Trade Agreement.

    It says at least 75 percent of the content of autos sold in the trade bloc must be made in North America, 40 percent must be made by workers earning at least $16 an hour. President Trump called Mexican President Enrique Pena Nieto today to congratulate him and talk up the new deal with a new name.

  • President Donald Trump:

    They used to call it NAFTA. We're going to call it the United States Mexico trade agreement. We will get rid of the name NAFTA. It has a bad connotation because the United States was hurt very badly by NAFTA for many years. And now it's a really good deal for both countries.

  • John Yang:

    Now the administration has to negotiate with Canada. Mr. Trump pledged to negotiate fairly if Canada does too.

    The Canadian Foreign Ministry said it's encouraged by the progress so far.

  • John Yang:

    Tributes flowed in the United States Senate today for John McCain. The Arizona Republican died Saturday after a yearlong battle with brain cancer.

    The Senate reconvened with colleagues offering praise, starting with Majority Leader Mitch McConnell and Minority Leader Senate — Senator Chuck Schumer.

  • Sen. Chuck Schumer, D-N.Y.:

    He was unafraid to take on presidents. He was unafraid to take on his own party. He was equally parts funny and furious, foulmouthed and statesmanlike. He could put the temper in temperament. He was a brave and honest man. He was a patriot.

  • Sen. Mitch McConnell, R-Ky.:

    He would fight like mad to bring the country closer to his vision of the common good.

    But when the day's disputes were over, that very same man was one of our most powerful reminders that so much more unites us than divides us.

  • John Yang:

    Senator McCain will lie in state at the old Arizona Capitol Building on Wednesday, which would have been his 82nd birthday. There will be a memorial service in Phoenix on Thursday. He will then lie in state at the U.S. Capitol on Friday. A funeral service is set for Saturday at the Washington National Cathedral, and a private burial will take place Sunday at his alma mater, the U.S. Naval Academy at Annapolis, Maryland.

    President Trump raised eyebrows over his response to the death of Senator McCain. The two men had been at odds for a long time. This morning, the American flag over the White House returned to full-staff after just one day, while those at the Washington Monument and elsewhere remained at half-staff.

    After widespread criticism, the White House flags were lowered back to half-staff this afternoon.

    In a statement Mr. Trump said that, despite their differences, he respected McCain 's service. He said the flags will remain at half-staff until the burial.

    Iran has formally asked the International Court of Justice to suspend U.S. economic sanctions that were reimposed after President Trump pulled out of the 2015 Iran nuclear deal. At a hearing today, Iran argued the sanctions violate a 1955 treaty that regulates the country's economic ties. The U.S. says the world court has no jurisdiction over the dispute.

    Back in this country, investigators in Jacksonville, Florida, are searching for a motive after a gunman killed two people and then himself at a video game tournament on Sunday. Ten others were wounded pull. Police say the suspected shooter, David Katz of Baltimore, was a competitor at the games.

    The event was under way at a shopping mall when the shooting started. Police said today that Katz went to after other players with a handgun.

  • Mike Williams:

    The suspect clearly targeted other gamers. They were in the back room of Chicago Pizza participating in this gaming tournament. The suspect lost — walked — excuse me — past patrons who were in other parts of the business and focused his attention on the gamers.

  • John Yang:

    Katz was 24. The Associated Press reports that court records show he'd been hospitalized twice for mental illness as a teenager.

    A federal judge in Seattle today blocked the Trump administration from letting a Texas company post online its plans for printing plastic guns. Nineteen states and the District of Columbia had sued the block the blueprints for untraceable weapons. The judge's restraining order will remain in place until the case is resolved.

    And Wall Street got a boost from the tentative trade deal between the United States and Mexico. The Dow Jones industrial average gained 259 points. That's a 1 percent gain to close it 26049. The Nasdaq rose 72 points and the S&P 500 added 22.

    Still to come on the "NewsHour", Pope Francis under fire amid a claim that he knew about sex abuse allegations against a prominent cardinal; a call to prosecute war crimes against the Rohingya; remembering an American heroes, Senator John McCain; and much more.

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