Trump Administration Looking To Negotiate Bilateral Trade Deals Over New NAFTA Agreement7
The window to ratify a new North American Free Trade Agreement has likely closed as negotiations between the United States, Canada and Mexico stall. President Trump has also shifted his tone on how the U.S. may proceed as well, per new comments from White House economic adviser Larry Kudlow.
Bloomberg reported on Tuesday that the president has expressed interest in two separate bilateral trade agreements with Canada and Mexico—a move sharply opposed by the two countries.
“His preference now, he asked me to convey this, is to actually negotiate with Mexico and Canada separately,” Kudlow said Tuesday during an interview.
NAFTA deals with numerous goods and products, but has also become a point of contention in recent years for automakers and autoworkers who see the agreement as harmful to the U.S. and Canadian industry. Although the discussion tone could shift on the U.S. side, Kudlow assured President Trump does not plan to withdraw from NAFTA.
“He’s just going to try a different approach. I can’t offer timing here, but judging from what he told us yesterday, I think he’d like to start that approach rather quickly,” he said.
The original goal was for all three countries to potentially reach an agreement this summer over a new NAFTA treaty to push it through the Republican-controlled congress without many hiccups. With the window quickly closing, it could become more difficult ahead of mid-term elections in the U.S. and a Mexican presidential election looming this fall.
- Sweepstakes Of The Month: Win a 2023 Corvette Z06 Convertible. Details here.
Great to hear President Trump just keeps on winning.
Economy is roaring…
Jobless rate at near 20-year low…
Black and Hispanic unemployment lowest EVER…
Stock market highest level ever…
Taxes at historic lows…
Manufacturing boom bringing with it high quality jobs…
Small business confidence highest in decades…
Dont believe me, go to www (dot) promiseskept (dot) com for a full list.
Hahahaha. Keep lying to yourself, cool guy.
Which items in the list are not true?
There is a typo in the first line of your comment.
In the last word belongs only one “n” and not two.
… in order to be orthographically correct, it also needs an “h” at the second position in the word.
Sorry … you might know that English is not my primary language, so please bear with me
As long as this hurts Canada and Mexico I am all for it! The US needs to stop paying to make our neighboring countries happy
The US of A continues to make wars on other countries that costs Trillions of dollars . Unbelievable that the US believes it has the right to do so and when the costs keep escalating , the US (Trump) finds a scapegoat in other nations trade . Get this , major US companies set up manufacturing sites in Asia and reap the benefits of lower wage and benefits , make a bundle then use these bases for paying lower taxes on foreign operations . Trump should have closed this loophole but didn’t , Guess whose side this idiot is on !! China is the main financier of USA debt . They hold Trillions of US bonds . The US is the only major power that doesn’t have Health Care for all but can find Trillions to make wars and spend on the military . A mass shooting at a school occurs nearly every week with a huge death and injury toll . There are more guns than people , and this to me is unacceptable , this is not a friendly neighbor next door anymore , only Trump world now !!