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We'll Probably End Up 'Terminating NAFTA at Some Point'

25 August 2017, 01:49 | Melanie Burgess

Trump ‘We’ll Probably End up Terminating NAFTA’ Charlie Leight Getty by John Carney23 Aug 20170 23 Aug 2017 23 Aug 2017

Trump ‘We’ll Probably End up Terminating NAFTA’			Charlie Leight  Getty		by John Carney23 Aug 20170		23 Aug 2017		23 Aug 2017

"We're going to stay focused on what we've always known and what we've always said, that the North American Free Trade Agreement has resulted in millions of good jobs on both sides of the Canada-US border and is of benefit to both Canadians and Americans", he said during a news conference in Montreal.

On Wednesday he told Mexican television Trump was "negotiating in his own particular style".

Mr. Trudeau has assured not to worry with the threats of its american counterpart.

Arizona Chamber of Commerce and Industry President Glenn Hamer posted a video calling any termination a "terrible mistake" within hours of Trump's remarks Tuesday night.

"It has done so much to exploit".

Whether we like it or not, Trump's NAFTA bluster matters, and it's going to make any kind of deal much more hard to attain. "So I think we'll end up probably terminating NAFTA at some point".

Last week, Texas Comptroller Glen Hegar said in a radio interview: "The biggest loser in tearing up NAFTA and throwing it in the trash really would be Texas, because we are an export state".

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The Trump administration's discontent with NAFTA as it stands implies that Canada should be wary of considering the existing agreement to be the fallback option if renegotiations turn sour (see a recent Fraser Institute paper by Steven Globerman and Christopher Sands).

The distinction between FTA negotiation and renegotiation hasn't been lost on Canadian Foreign Affairs Minister Chrystia Freeland, who has compared modernizing an existing agreement to renovating your house while you're still living in it.

Christine St-Pierre has ensured that the interests of Quebec are well-represented.

For his part, the ambassador of Mexico to Canada, Dionisio Pérez Jácome, who has met with the prime minister of Quebec, Philippe Couillard, said that his country remained firm.

And they are at odds with a trilateral statement from the three partner countries, which said they were committed to "an accelerated and comprehensive negotiation process" but warned that "a great deal of effort and negotiation will be required in the coming months". "The governor believes that in the end the Trump administration will see the benefit of an improved NAFTA that will be good for jobs and the economy in the US and Texas". In a press release the group said, "Under NAFTA and its forerunner, the Canada-US FTA, farm input costs have gone up and inflation-adjusted commodity prices have dropped, yet the farmer's share of the grocery dollar is smaller".

His latest salvo, however, during the negotiations. "Trump even admitted in a private conversation with Mexico that his border wall promise was 'the least important thing'".

"It is Trump's strategy to stir up white insecurity and aggravate pressure on the people of color - primarily Mexicans in the case of the wall - to solidify his hold on his base", Taylor said.



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