Success for NAFTA Update Hinges on Compromise
Whether President Donald Trump’s deal to update NAFTA is ratified by Congress will depend on his willingness to compromise on details, says Bloomberg News.
#economics
Whether President Donald Trump’s deal to update NAFTA is ratified by Congress will depend on his willingness to compromise on details, says Bloomberg News.
Canada, Mexico and the U.S. signed the new U.S.-Mexico-Canada Agreement last week. But Trump sought a day later to limit debate about the new measure by threatening to nullify the existing North American Free Trade Agreement within six months.
Doing so could mean no trilateral trade deal at all by June if Congress fails to approve the USMCA. Democrats have signaled they want the pact to include stronger labor protections. But congressional sources tell Bloomberg that an infrastructure package might satisfy the opposition.
Democrats say they’re willing to negotiate but need the Trump administration to at least consider some options. Neither side is eager to scrap USMCA, suggesting there is room to compromise.
RELATED CONTENT
-
On Global EV Sales, Lean and the Supply Chain & Dealing With Snow
The distribution of EVs and potential implications, why lean still matters even with supply chain issues, where there are the most industrial robots, a potential coming shortage that isn’t a microprocessor, mapping tech and obscured signs, and a look at the future
-
Report Forecasts Huge Economic Upside for Self-Driving EVs
Widespread adoption of autonomous electric vehicles could provide $800 billion in annual social and economic benefits in the U.S. by 2050, according to a new report.
-
Enterprise Edges into Self-Driving Car Market
U.S. rental car giant Enterprise Holdings Inc. is the latest company to venture into the world of self-driving vehicles.