U.S. And Mexico To Exclude Canada From Trade Deal

Earlier this year, President Donald Trump declared that he was going to dismantle the North American Free Trade Agreement for a more streamlined trade deal between the U.S. and Mexico, potentially excluding Canada. Talks have stalled for a while, but with Mexican president Enrique Peña Nieto’s term in office coming to an end on November 30th, the deal has been brought to the forefront of economic news.

In order for the trade agreement to pass, it must be under review for 60 calendar days before it can be signed in to law. That would mean that, in order for a Mexican-American trade deal to commence, Trump would have to propose it to the public no later than Sunday, September 30th.

Reports say that the bilateral trade deal is being written in such a way that Canada can re-enter the trade agreement at a later date if they so desire. However, Prime Minister Justin Trudeau stated publicly that he would only sign the deal if it both benefitted Canada as a country and the middle class. President Trump, on the other hand, is more focused on getting the deal signed by Nieto before his term ends, either with or without Canada.

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6 years ago
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