Trump To Notify Congress In 'Near Future' He Will Terminate NAFTA

Jermaine Castillo
December 5, 2018

"Now that the agreement has been signed, the Senate Finance Committee will review it with a fine-tooth comb and have the opportunity to weigh in", Grassley said in a statement. "I think at the end of the day we'll get it passed".

President Donald Trump said late Saturday he will formally terminate the North American Free Trade Agreement soon, a move created to put pressure on Congress to approve a new deal he signed during the G-20 summit.

A local member of Parliament is not a fan of the new trade agreement between the major North American nations. The deal eliminates Canada's unfair Class 6 and Class 7 milk pricing schemes, opens additional access to United States dairy into Canada, and imposes new disciplines on Canada's supply management system. There are many provisions that will be popular with constituents throughout the country, and Crawford said it would be a "gross miscalculation" by House Democrats if they try to stop or change the agreement.

Dallas Police Officer Who Shot Man In His Own Apartment Indicted
A Dallas County grand jury delivered the indictment after considering the evidence against Amber Guyger on Monday and Wednesday. Merritt claimed that she did not realize she was at the wrong apartment until she called 911 and was asked for her location.

Trucks move almost $385 billion in goods between the USA and Mexico, and $336 billion in trade between the US and Canada. "I'm hopeful that it will", Senator Sherrod Brown answered. And some Democrats said the administration may have no choice if it wants to get the deal through the Democratic House.

"It's disappointing but not surprising" that the US president would try to force Congress to reinstate the status quo of #NAFTA, instead of working constructively with Congress to improve his proposed agreement, Henry Connelly, a spokesman for House Democratic leader Nancy Pelosi, said on Twitter Sunday morning.

Some lawmakers could threaten to block the deal as a way to receive side agreements addressing home state priorities, a tack that has been used before with success.

Trump greets Saudi prince at G20 summit
Vladimir Putin and Saudi Crown Prince Mohammed bin Salman embraced each other like long lost brothers at the G20 summit today. The 33-year-old was seen speaking with Trump, although the White House said they only exchanged "pleasantries".

Even as he suggested he would make such a drastic move, he played down its potential impact, adding that he would have no problem reverting to a "pre-Nafta" environment.

"This is something we have been pushing for and we've been very involved through the whole process", said Bob Costello, ATA chief economist, in a December 1 interview on Transport Topics Radio on SiriusXM Radio. "Congress, on the other hand, is not rolling". All trade deals need to be approved by Congress before they can take effect.

Lawmakers disagree about whether the president has the ability to withdraw unilaterally from NAFTA, but a number of lawmakers insist he doesn't, and some Democrats scoffed at the threat. "I think that's how he thinks he's going to whip votes".

Fed likely to raise rates in December but concerns mounting: minutes
Federal Reserve Chairman Jerome Powell speaks at the Economic Club of New York's luncheon in New York November 28, 2018. It was a "rookie mistake, " Omair Sharif, senior USA economist at Societe Generale, said Wednesday in a note to clients.

Other reports by

Discuss This Article

FOLLOW OUR NEWSPAPER