Washington, Dec 2 (IANS) President Donald Trump told reporters aboard Air Force One after the G-20 summit in Argentina that he will formally notify Congress of the termination of the North American Free Trade Agreement (NAFTA) in the “near future”, according to a Dow Jones Newswires report made available to Efe on Sunday.
That termination, he reportedly suggested late Saturday, would present Congress with a binary choice between the amended agreement signed at the G-20 with Canada’s Justin Trudeau and Mexico’s Enrique Peña Nieto and a reversion to the trade practices in place before Nafta’s passage in 1993, reports Efe news.
Trump has said he foresees few hurdles to the new agreement’s passage in the US – it also requires legislative approval in Ottawa and Mexico City – but US lawmakers on both sides of the aisle, including Sen. Elizabeth Warren, a Massachusetts Democrat who’s believed to be weighing a presidential run, have expressed reservations.
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Warren said this week that the revised trade regime, “won’t stop outsourcing, it won’t raise wages, and it won’t create jobs. It’s Nafta 2.0”.
Trump prefers to call the pact the US-Mexico-Canada Agreement.