Trump To Notify Congress In 'Near Future' He Will Terminate NAFTA

Dwayne Harmon
December 5, 2018

The U.S. president made his latest pledge to terminate the 24-year-old trilateral pact as he was preparing to leave the G20 summit in Buenos Aires, an event that included the ceremonial signing of the new United States Mexico Canada Agreement (USMCA).

"I will be formally terminating NAFTA shortly", Trump told reporters aboard Air Force One on his way home from Argentina.

The president also put some pressure on Congress to ratify the U.S. -Mexico-Canada Agreement on trade that was signed by leaders of all three countries during the G20.

The issue could ultimately be decided by the US courts.

The new deal got early backing from one key figure in the debate: Republican Senator Chuck Grassley of Iowa, who beginning in January will chair the Senate Finance Committee that will consider the pact. We thank the Office of the U.S. Trade Representative for all the hard work that went into this accord.

The original NAFTA deal was signed in 1992 by former President George H.W. Bush. "The deal eliminates Canada's unfair Class 6 and Class 7 milk pricing schemes, opens additional access to US dairy into Canada, and imposes new disciplines on Canada's supply management system", Perdue said.

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Sen. Patrick J. Toomey, R-Pa., a prominent free-trade advocate, said in an interview that he could not support the agreement as drafted because he believes it would diminish trade across the continent.

What has Congress said about this?

"The president needs to talk to Congress on this", the Ohio Democrat told CNN on Sunday. Ms Pelosi described the deal on Friday as a "work in progress" her members could not yet support.

President Donald Trump has actually officially ended the North American Open Market Arrangement (NAFTA) as well as has actually provided Congress 6 months to accept the substitute he just recently authorized.

Business Roundtable, an influential association of leading USA companies' executives, also called for a "prompt resolution" of the tariff issue between all three countries while reviewing the final text of the new trade agreement. "What isn't in it yet is enough enforcement reassurances regarding workers, provisions that relate to workers and to the environment", she said. He threatened to tear it up and withdraw the United States completely at times during the negotiation, which would have left trade between the three neighbors in disarray.

"As now drafted this deal will put Florida seasonal vegetable growers out of business", Rubio wrote.

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