Understanding Trump’s NAFTA Trade Deal with Mexico
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FEATURING PATRICK WOODALL – President Donald Trump announced on Monday morning that his administration had negotiated a bilateral trade agreement with Mexico as part of efforts to reconfigure NAFTA, the North American Free Trade Agreement. In a move that appeared to snub Canada – the third nation party to NAFTA – Trump made the surprise announcement saying that Canada could join later, “if they’d like to negotiate fairly.”
Many are urging caution as the bilateral deal between the US and Mexico still has uncertainties including over tariffs that Trump imposed on Mexican steel. The US Congress and lawmakers from Mexico and Canada would still have to vote to ratify any deal to formalize it.