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Trump is running out of time on NAFTA

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Fri, 11 May 18 6:07 PM | 55 view(s)
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Trump is running out of time on NAFTA

BY TORY NEWMYER
with Paulina Firozi

With as little as a week remaining to strike a deal on a retooled North American Free Trade Agreement, negotiators from the U.S., Canada and Mexico have a lot of work left to complete and not much time to do it. But a bigger unknown looms: What will President Trump do?

Failure by the negotiators could simply mean the 24-year-old pact remains on the books unchanged. Either way, though, Trump retains the option of moving unilaterally to pull the U.S. out of the deal — and he’s directed a drumbeat of hostile rhetoric toward Mexico that suggests it's a real possibility, including on the stump in Indiana last night.

(The specter of Trump quitting the pact is serious enough that Sen. Pat Toomey (R-Pa.) is warning the president against it in a Wall Street Journal op-ed, writing, "Pulling out of Nafta by executive fiat would be economically harmful and unconstitutional.") 

more:
http://www.washingtonpost.com/news/powerpost/wp/category/the-finance-202/?utm_term=.135784705246&wpisrc=nl_finance202&wpmm=1




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