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Trump Imposes Six Month Deadline On Congress For NAFTA Substitute

04 December 2018

Nevertheless, Canada isn't assuming ratification will be easy.

"I think they're betting on Congress not letting it all go to hell", she said. "As good as all this news is, farmers and ranchers still face retaliatory tariffs over steel and aluminum disputes with our North American neighbors and other trading partners", Duvall said "We urge the administration to redouble its efforts to come to an agreement on those outstanding issues so we can regain the markets we had not long ago".

"We're not going to celebrate with these tariffs hanging over our heads", MacNaughton said.

"In the United States the new trade pact will support high-paying manufacturing jobs and promote greater access for American exports across the range of sectors including our farming, manufacturing, and service industries", Trump said. That letter is already in effect, he said.

Last Friday, the leaders of the United States, Mexico, and Canada signed the US-Mexico-Canada Agreement (USMCA) on the sidelines of the G-20 meeting in Argentina.

On the plane ride back from the G20 summit, President Donald Trump said he would withdraw from NAFTA, the North American Free Trade Agreement, which still governs business among Mexico, the us and Canada despite the countries signing the USMCA deal at the summit, the New York Times reports. It's widely seen as a pressure tactic to keep legislators from dawdling.

Asked whether Canada took Trump's comments seriously, Morneau replied: "We take everything seriously".

But Morneau told a gathering in NY today he had no insight into when that might happen.

Larry Kudlow, Trump's senior economic adviser, said he and Trump hadn't spoken in detail about the president's thinking.

The United Auto Workers, a longtime critic of NAFTA, raised similar concerns after the ceremonial signing of the trade pact in Buenos Aires. Everybody showed up. Trudeau showed up and so forth.

A 2016 congressional research report said there is a debate over whether a president can withdraw from a trade deal without the consent of Congress, and there is no historical precedent for the unilateral withdrawal from an free trade deal by a president that had been approved by Congress.

Trump Imposes Six Month Deadline On Congress For NAFTA Substitute