Trump Takes a New Shot at Canada, Threatens to End NAFTA if Congress Intervenes

President Donald Trump on Saturday issued a new threat to terminate the North American Free Trade Agreement altogether, warning Congress not to intervene in tough negotiations that may or may not include Canada in a new accord.

Trade talks between the United States and its 2nd largest bilateral trading partner will kick off again Wednesday, after the two sides ended Friday’s tense negotiations without a deal. The talks were thrown into doubt after the president reportedly made an off-the-record comment that was published, suggesting he wouldn’t give Canada any leeway.

In a series of posts on Twitter, Trump took an uncompromising stance with the U.S.’s neighbor to the north. He said there was “no political necessity” to keep Canada in a new deal that Mexico appears to have agreed with in principle.

Both Democrats and Republicans have voiced skepticism about Trump’s negotiating stance, and whether it was viable in the context of keeping Canada in a new accord.

“If we don’t make a fair deal for the U.S. after decades of abuse, Canada will be out. Congress should not interfere with these negotiations or I will simply terminate NAFTA entirely & we will be far better off,” the president added, blasting the trade pact as one of “the worst deals ever made.”

Spread the love

Neal Bhai has been involved in the Bullion and Metals markets since 1998 – he has experience in many areas of the market from researching to trading and has worked in Delhi, India. Mobile No. - 9899900589 and 9582247600

Leave a Comment