Trump expected to rescind NAFTA to force passage of USMCA


Trump expected to rescind NAFTA to force passage of USMCA

"I will be formally terminating NAFTA shortly".

Hamberger issued a statement after the pact was signed late last week by President Donald Trump, Mexico's President Enrique Pena Nieto and Canada's Prime Minister Justin Trudeau in Argentina, where world leaders were gathered for the economic summit of the Group of 20, or G-20.

He said they can choose between the United States-Mexico-Canada Agreement or 'pre-NAFTA, which works very well'.

"We appreciate the administration's continued efforts to modernize our nation's existing trade agreements and help grow USA automotive manufacturing with new agreements like the USMCA", said Matt Blunt, president of the American Automotive Policy Council. The deal eliminates Canada's unfair Class 6 and Class 7 milk pricing schemes, opens additional access to USA dairy into Canada, and imposes new disciplines on Canada's supply management system. NFU president Roger Johnson wants changes before Congress ratifies the agreement. Grassley vowed to usher the deal through Congress, saying it'll benefit the USA economy and bolster agriculture interests in the Midwest.

"This is some of the stuff that we thought, we went into it approaching it as 'You're going to open up NAFTA again?"

In other remarks to reporters on the presidential plane, Mr Trump said he would consider signing a two-week extension of government funding to give lawmakers more time to negotiate a seven-bill spending package, as well as to accommodate memorial services honouring former president George Bush, who died on Friday. Sherrod Brown rejected the president's new trade deal with Mexico and Canada on Sunday, expressing concerns over the outsourcing of American jobs.

Democratic Senator Sherrod Brown of OH says the US needs to reopen discussions with Mexico and Canada on trade.

The leaders of the three countries agreed on a deal in principle to replace NAFTA, which governs more than $1.2 trillion of mutual trade, after acrimonious negotiations concluded on September 30. "But what isn't in it yet is enough enforcement reassurances regarding provisions that relate to workers and to the environment", she said.

Rubio's office said Monday that the senator had asked Lightizer to look into additional trade actions to protect Florida growers, and that Lighthizer had committed to requesting a fact-finding investigation and taking corrective action.

"A great deal." Trump said Saturday, during a press conference on Air Force One.

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