U.S. Trade Chief Predicts Quick Solution on NAFTA Update
U.S. Trade Representative Robert Lighthizer says he can easily resolve concerns Democrats have over the proposed successor to the North American Free Trade Agreement.
#economics
U.S. Trade Representative Robert Lighthizer says he can easily resolve concerns Democrats have over the proposed successor to the North American Free Trade Agreement.
House Speaker Nancy Pelosi (D-Calif.) tells reporters that Democrats want stronger enforcement provisions for labor and environmental portions of the so-called U.S.-Mexico-Canada Agreement. The deal, she says, can’t just be “NAFTA with sugar on top.”
Lighthizer tells a congressional hearing he could resolve such concerns in a half-day huddle with skeptical Democrat leaders. He also reiterates his confidence that the pact can be tweaked sufficiently to satisfy skeptics without reopening negotiations with Canada and Mexico—a step that would delay congressional approval for months.
“We’re going to have a catastrophe if this doesn’t pass,” Lighthizer adds. He declares himself eager to finalize details so ratification can begin. Canada and Mexico each began the approval process earlier this month.
RELATED CONTENT
-
What Suppliers Need to Know Right Now
This is a time of reckoning for the auto industry, says Paul Eichenberg. He has some recommendations as to how companies can make their way through it.
-
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.
-
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