U.S. Wants Five-Year Sunset Provision for Nafta, Ross Says
- A sunset clause would force partners to re-examine the deal
- U.S. says regular reviews would allow for trade-deal fixes
EPI's Scott Says U.S. Lost 700,000 Jobs to Mexico
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Canada and Mexico bristled at an idea by the U.S. to include a five-year sunset provision in the North American Free Trade Agreement that would force partners to reconsider the deal or terminate it.
While a Nafta nation can currently exit the pact after giving its partners six months’ notice, Commerce Secretary Wilbur Ross said Thursday it’s unlikely to occur. President Donald Trump has repeatedly threatened to quit Nafta if he can’t get better terms from re-negotiations that began in August.