Democrats Vow Fight if NAFTA Update Excludes Canada
Democratic Party leaders say they will reject any revised NAFTA deal that doesn’t include Canada—assuming they win enough House seats to do so, Bloomberg News reports.
#economics
Democratic Party leaders say they will reject any revised NAFTA deal that doesn’t include Canada—assuming they win enough House seats to do so, Bloomberg News reports.
The White House has advised Congress last Friday that it intends to submit a new trade deal with Mexico to replace the current trilateral North American Free Trade Agreement with all three countries.
President Donald Trump says he would prefer to include Canada (on U.S. terms) but plans to move ahead regardless. U.S. and Canadian negotiators did not reach a tentative agreement today and are expected to continue talks on Friday.
Bloomberg notes that any pact isn’t likely to begin a 90-day Congressional debate period until next March. Democrats will have limited influence over the process if they fail to win at least 23 House seats in November’s midterm elections. But several Republican leaders also agree that Canada should be part of any NAFTA update.
RELATED CONTENT
-
On The German Auto Industry
A look at several things that are going on in the German auto industry—from new vehicles to stamping to building electric vehicles.
-
Mazda, CARB and PSA North America: Car Talk
The Center for Automotive Research (CAR) Management Briefing Seminars, an annual event, was held last week in Traverse City, Michigan.
-
Inside Ford
On this edition of “Autoline After Hours” Joann Muller, Detroit bureau chief for Forbes, provides insights into what she’s learned about Ford, insights that are amplified on the show by our other panelists, Stephanie Brinley, principal analyst at IHS Markit who specializes in the auto industry, and Todd Lassa, Detroit Bureau Chief for Automobile.