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NAFTA Withdrawal Looks Likely as Trump Moves Forward With Agenda

Posted November 17, 2017

Under Economic Issues, International Trade Issues

(Ira Shapiro – The Hill)

With the fifth round of the effort to renegotiate the North American Free Trade Agreement about to start, the fundamental chasm between President Trump and Canada and Mexico remains.

Having denounced NAFTA as “the worst agreement ever negotiated,” Trump continues to demand major unreciprocated concessions from Mexico and Canada to rebalance the benefits of the agreement towards the United States.

Apparently, he still fails to recognize that the Mexican president and the Canadian prime minister have their own national interests, and domestic political pressures and cannot, and will not, give in to his demands. Consequently, the possibility of a breakdown in the negotiations increases, followed by the likelihood that Trump will move to withdraw the United States from NAFTA. Click here to read more.