NAFTA Watch: Trump May Have Cut “Terminate” In Favor of “New NAFTA” — Panjiva


NAFTA Watch: Trump May Have Cut “Terminate” In Favor of “New NAFTA”

Mexico 516 Trade Deals 708 U.S. 3362 USMCA 378

President Trump has stated that if NAFTA talks “don’t turn out, we’ll have to do a new NAFTA”. That’s a marked difference from prior threats to “terminate” the deal if acceptable terms – focussed on the trade deficit – cannot be reached. It is important not to read too much into this as the President’s tone regarding the talks has shifted before. Furthermore a complete rework of NAFTA from a clean sheet of paper would take a length of time that may prove unacceptable. One challenge is that the trade deficit with Mexico, the central contention between the two countries, has historically p...

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