Treehouse: Too funny… this is what we would call a win/win. President Trump delivering remarks to the media aboard Air Force One on the flight back to the U.S.
(Via Associated Press) President Donald Trump says he will shortly be providing formal notice to Congress that he will terminate the North American Free Trade Agreement, giving lawmakers six months to approve the replacement he recently signed.
Speaking to reporters aboard Air Force One while returning to Washington from Argentina, Trump says: “I will be formally terminating NAFTA shortly.”
Seeking to gain leverage with skeptical lawmakers to approve the revised trade pact, Trump says Congress “will have a choice” as it considers the agreement he signed with the leaders of Mexico and Canada on Friday during the Group of 20 summit.
He says they can choose between the United States-Mexico-Canada Agreement or “pre-NAFTA, which works very well.”
Trump has made renegotiating NAFTA a centerpiece of his presidency. (link)
The USMCA is structurally more beneficial to the U.S. and Mexico than Canada.
Well, if he went pre NAFTA then I wonder if trade falls back on the Canada-US Free Trade Agreement which I suspect Canada wouldn’t have a big problem with. I’d bet that Trudeau the Younger would actually squeal with delight (only in private though) because he’d be saved from being beaten with a huge stick come election time albeit there are plenty of other sticks in the bag. Mexico might be mighty pissed off though.
Anti- Trump decision from Ninth Circuit in 3-2-1.
TP – Good call! I’ve put my money on you.