President Trump Terminates NAFTA, Enters Agreement with Mexico
UNITED STATES AND MEXICO - After months of deliberation that has left much of the agriculture community searching for answers, President Trump has reached a conclusion with Mexico and is calling for an end to the North American Free Trade Agreement. Trump is introducing its replacement, The United States-Mexico Trade Agreement, which currently excludes Canada.
Trump has called NAFTA a job-killing “disaster,” according to AP News.
Details on the new agreement between the two lower North American nations will be revealed later today, but President Trump has plans to meet with the U.S.’s northern neighbor to begin negotiations.
"We are starting negotiations with Canada pretty much immediately," Trump said, according to Fox News.
Both, the U.S. and Canada, are looking forward to moving the trade agreements forward.
“Canada is encouraged by the continued optimism shown by our negotiating partners,” Chrystia Freeland, Minister for Canada’s Foreign Affairs, said Monday, according to Fox. “Progress between Mexico and the United States is a necessary requirement for any renewed NAFTA agreement.”
To put some more pressure on the relationship between Canada and the U.S. in the hopes of moving a deal forward, Trump threatened to tax Canadian auto imports, the news source relayed.
How will the agreement between the U.S. and Mexico take shape, and will that result in a similar agreement between the U.S. and Canada? With all of these moving pieces, AndNowUKnow will keep you updated as the story evolves.