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Trump’s NAFTA Strategy: Bluff, Rebrand, Declare Victory

"As Trump Tariffs Hit, The U.S. Is Losing The China Trade War — Big Time"

The president’s announcement that he was “terminating” a free-trade agreement means less than he said.

Krishnadev Calamur
Aug 27, 2018


Kevin Lamarque / Reuters

President Trump said Monday he’s “terminating” NAFTA, the free-trade deal with Canada and Mexico he’s called a “disaster” and blamed for job losses in the United States. It looked like a potentially massive development, as if Trump were signaling the end of a $1 trillion trade deal that’s defined trade in North America for more than two decades.

But what he went on to describe seemed like more of a rebrand than a revolution. He hailed new trade arrangements with Mexico, said he’d “see if Canada can be part of the deal,” and signaled that what he might really want to terminate was the name “NAFTA” itself.

[... to end]

Monday’s announcement should put to rest some of the uncertainty among U.S. businesses surrounding the agreement. But questions persist on how the deal will make it through Congress, which has said it wants a trilateral deal. The official said the White House believed the president’s move was consistent with his powers.

Robert Lighthizer, the president’s trade representative, said the U.S. would submit a letter to Congress on Friday, adding he hoped Canada will join the deal later this week, but he added that Ottawa will have the option to join at a later time.

With links - https://www.theatlantic.com/international/archive/2018/08/trump-nafta/568654/

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SHORT VIDEOS - Freeland and Lighthizer still working on details of NAFTA as Trump’s Friday deadline looms
https://globalnews.ca/video/4420361/freeland-and-lighthizer-still-working-on-details-of-nafta-as-trumps-friday-deadline-looms

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