Big govt, Economy & Investments, Politics

White House Releases US-Mexico NAFTA Draft

The White House is moving ahead with its overhaul of the North American Free Trade Agreement regardless of being unable to reach a deal with Canada for now. A draft of the deal inked thus far between the Trump Administration and Mexico has been submitted to Congress ahead of the Oct. 1 deadline for submission under the “Trade Promotion Authority law.” This comes despite Canada’s best efforts to slow-walk the agreement. According to President Trump, the talks with our northern neighbor have completely broken down. “We’re not getting along at all with their negotiators,” he said. Which means simply that they may get left out in the cold this winter.

Here’s more from Washington Examiner…

The White House will give Congress the full text of its bilateral trade agreement with Mexico on Friday evening, the first step toward getting Congress to approve it.

The deal will be submitted even though the administration has so far been unable to get Canada to reach a new trade deal of its own. Canada’s absence will likely make obtaining congressional approval harder, due to lawmakers’ fears that it could disrupt the North American Free Trade Agreement.

The Trump administration is under pressure to get the deal approved quickly. Oct. 1 is the deadline for submitting the text under the terms of the Trade Promotion Authority law, which is why the White House is about to submit it, according to several press reports.

Any later and the deal would have to be renegotiated with Mexico’s incoming president, Andres Manuel Lopez Obrador, a leftist.

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