Trump Nafta Termination Vow Pressures Congress to Bless New Deal
- Lighthizer sees bipartisan support for U.S.-Canada-Mexico deal
- Revisions could come in bill to implement new USMCA accord
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President Donald Trump’s threat to terminate the existing North American Free Trade Agreement puts pressure on U.S. lawmakers to limit the changes they want in a new regional pact signed to great fanfare last week by the U.S., Canada and Mexico.
Trump declared late Saturday that he’d soon notify Congress of his intention to terminate Nafta, a move that would give lawmakers six months to bless the deal to replace it. Even though the new agreement was signed by Trump and other leaders on Nov. 30, it must also be ratified by lawmakers in the three countries. Trump’s essentially leaving them a choice: take the new deal, or no deal at all.