UPDATE: Trump Readying an Executive Order to Leave NAFTA
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By Staff Writers, teleSUR
teleSUR
Thursday, Apr 27, 2017
Never mind. Now Trump says he is still thinking it over. 'Thinking' might be a bit of stretch for this guy ...
- prh, ed.
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Trump shits in the Oval Office |
The Donald Trump administration is mulling over an executive order that would withdraw the U.S. from NAFTA, according to Politico on Wednesday. During his
presidential campaign Trump often berated NAFTA, promising to either
renegotiate the terms of the agreement or withdraw from it altogether.
A senior administration official has emphasized that the U.S. withdrawal from the North American Free Trade Agreement is something President Trump has "always been considering" and that a recent 20 percent tariff imposed on softwood lumber imports from Canada is only the first shot.
During his presidential campaign, Trump often berated NAFTA, promising to either renegotiate the terms of the agreement or withdraw from it altogether. In recent months Trump has referred to NAFTA as a "disaster" and has contended that the trade agreement has resulted in the loss of millions of U.S. manufacturing jobs. However, a host of Republicans have urged Trump not to pull out of the deal. "It will devastate the economy in my state. I hope he doesn't do that," said Sen. John McCain Wednesday.
While Trump may be under pressure to make good on his campaign promise, a promise he'd pledged to fulfill before his first 100 days in office, Mexican leaders are anxious to finalize NAFTA negotiations well before the country's July 2018 presidential election. Term limits restrict Mexican President Enrique Peña Nieto from running again and there's no guarantee that the next president will cooperate with the Trump administration on trade issues.
Canada's Foreign Minister Chrystia Freeland told CNN Tuesday, "We are ready to come to the table anytime, but the United States, in fact, has yet to actually initiate the negotiating process."
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