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Bill Kelly: Trump says deal or no deal

05 December, 2018, 04:24 | Author: Sara Gill
  • The leaders of Mexico the United States and Canada sign the

President Trump said he will shortly terminate NAFTA, a move that will force House Democrats to approve a new trade deal signed with Mexico and Canada or be left without any agreement.

President Donald Trump told reporters aboard Air Force One late Saturday night that he and President Xi of China had come to an initial agreement that would be one of the largest deals ever made. Sherrod Brown said the United States needs to reopen discussions with Mexico and Canada on trade, rejecting President Donald Trump's contention that their new trade agreement is final.

President Trump is again threatening a pullout of the North American Free Trade Agreement (NAFTA), setting up a congressional showdown with the incoming Democrat-led House of Representatives.

However, U.S. tariffs on steel and aluminum remain in place. However, it doesn't go far enough to institute a fair-trade framework that benefits family farmers and ranchers and restores US sovereignty.

Peter Navarro, Trump's hard-line trade adviser, had long prodded the president to formally withdraw from the old Nafta deal, and Mr Trump has frequently threatened to do so during meetings with his staff members and foreign leaders. The agreement is subject to approval by Congress and votes by the Canadian Parliament and Mexican Congress are also required.

"I think we should see if we can get it passed first", Republican Senator John Barrasso said on NBC News' Meet the Press Sunday.

Colin Robertson, the Vice President and a fellow of the Canadian Global Affairs Institute, notes it still has to be sealed by the legislatures in all three countries and, while he doesn't anticipate problems in Canada or Mexico, the big question is the American Congress.

"I think we will get the support of a lot of Democrats, a very high number of Democrats, absolutely - I have no doubt about it", Lighthizer said. I understand the president said it's final.

Nancy Pelosi, the frontrunner to regain her position as Speaker of the House, on Friday called the deal a "work in progress".

Sen. Sherrod Brown, D-Ohio, has been critical of the new trilateral trade deal.

The agreement does include a 16-year sunset provision, but the three countries will meet every six years to decide whether to renew the pact, which potentially keeps the agreement going in perpetuity. "But what isn't in it yet is enough enforcement reassurances regarding provisions that relate to workers and to the environment", she said.


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