Is the NAFTA free trade agreement outmoded? Nikolas Kessels from the John F. Kennedy Institute shares his stance on the issue, and also on US President Donald Trump's recent remarks on trade with Mexico.
Talks on the NAFTA trade agreement between the US, Mexico and Canada have stalled over the US insistence a rewritten deal reduces the US trade deficits. Washington has vowed to withdraw unless its demands are met.
The US announced it will work to shrink trade deficits with Canada and Mexico in talks to renegotiate the 1994 North American Free Trade Agreement (NAFTA). President Donald Trump has called the current deal a "disaster."
Mexican negotiators have vowed to "present proposals and counterpoints" in a bid to stop a sunset clause on the trillion-dollar trade deal. The US president has threatened to "terminate" NAFTA even before talks finish.
US President Trump has warned that tough talks lie ahead on the future of NAFTA, indicating that the US could withdraw. Trudeau has said he is optimistic about the deal's fate but admitted there was room for improvement.
© 2018 Deutsche Welle |
Legal notice |
| Mobile version