President Trump Impatient with NAFTA Negotiations

The Story:

In an interview with Reuters, President Trump said Wednesday, January 17, that he may pull The United States out of the North American Free Trade Agreement altogether, because that will get the best trade deal with Canada and Mexico.

The Background:

 

The presidents of all three nations signed NAFTA on December 17, 1992, during the transition between the Presidencies of George H.W. Bush and William Jefferson Clinton. Clinton then pressed for Congressional approval of the deal, which he obtained. It has been in force, and the three countries have been for the most part a single trade zone, since January 1, 1994.

There has always been opposition, and (like the support) the opposition cuts across party lines.

The Thing to Know:

One of the biggest stumbling blocks in ongoing negotiations is dispute resolution procedures: what exactly can any of the three parties do when it comes to believe that another party is dumping unfairly cheap below-market goods across the border?

 

 

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