Kissing NAFTA goodbye?
Will he or won’t he?!
Major news publications are abuzz with rumors Trump may sign an Executive Order withdrawing the U.S. from NAFTA. What the order might say and what it might do, no one is entirely sure. Probably because as far as has been confirmed — no order has been written yet.
From the NYT:
WASHINGTON — President Trump is likely to sign an executive order formally withdrawing the United States from the North American Free Trade Agreement, according to a senior administration official, a move that would set the stage for renegotiating the deal with Canada and Mexico and fulfill one of Mr. Trump’s major campaign promises.
The move comes on the heels of the White House’s announcement that it would impose tariffs on Canadian lumber, as well as assertions that Canada has treated the American dairy industry unfairly.
It was not clear what the language of the executive order would be, or what steps would come next. But an executive order could start a required six-month notification period for withdrawal, during which time talks on renegotiation could be pursued.
Not so fast:
BREAKING: Trump tells Mexican, Canadian leaders he won't terminate NAFTA; all agree to renegotiate.
— The Associated Press (@AP) April 27, 2017
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Ross Perot was right.