NAFTA Renegotiations Begin in a Few Weeks

NAFTA Renegotiations Begin in a Few Weeks

If Mexican officials were hoping that the North American Free Trade Agreement was going to stay intact under the Trump administration, they were sadly mistaken — and Commerce Secretary Wilbur Ross just put them on notice that their worst nightmare is going to begin in a few weeks.

According to CNBC, Ross announced Friday that he plans to begin the formal process of renegotiating NAFTA “in the next couple of weeks.”

American law stipulates that the executive branch needs to inform Congress 90 days before it signs any new trade agreement. Ross said that there is no “date certain” to begin the formal process, according to Breitbart.

During a joint news conference with Mexican Economy Minister Ildefonso Guajardo Villarreal, Ross also announced he had been consulting with the Senate Finance and House Ways and Means committees on negotiations involving the trilateral agreement between the U.S., Canada and Mexico.

“The next stage will be hopefully in the next couple of weeks, which will be to issue 90-day letter,” Ross said.
While three nations are involved in NAFTA, Ross said negotiations with Mexico and Canada could happen separately as “two parallel bilaterals.”

Renegotiating NAFTA had been one of President Donald Trump’s major promises during his campaign, and Ross seemed to indicate that he was going to reshape the agreement based on current economic realities.

Trump had already signed, in the same executive order in which he announced America’s intent to withdraw from the Trans-Pacific Partnership, an order declaring his intent to renegotiate NAFTA, according to CNBC.

Rebuilding the U.S. economy was a cornerstone of Trump’s campaign, and Ross said, “doesn’t deal with the Mexican economy or the U.S. economy or the Canadian economy in their current form.”

“At a minimum its needs an update. Arguably there were some sections that didn’t work out.

You can bet this is making Mexico very nervous… and the Trump White House very happy.

http://conservativetribune.com/mexic...ghtmare-weeks/

Pres. Trump needs to put American's interests first.

Two 'Trump' (sorry) cards should be Mexico be made at least in a large part responsible for their people's stealing into this country and exclusively for those of other countries they allow to cross Mexico to come here.

Also, this country needs to stop or seriously curtain the transfer of monies out of this nation's economy to Mexico and elsewhere.

Thank you artist for posting this great article!! Wonderful update. So thrilled to see Wilbur Ross putting them on notice. I think he will do a great job negotiating new terms that are far more beneficial to the United States while still preserving at least officially a good relationship with Mexico. I think a lot of Americans, however, will no longer think of Mexico in the same way we have as a "friendly neighbor" and that will be the case for a long time. When the Mexican people protested in their streets against the President of our country because we want to secure the border and deport illegal aliens on top of Mexican officials threatening to send killer narcotics and terrorists into the United States to kill and harm Americans, well, together that was the last straw for me and burned any bridge I can see between our country and theirs. Russia and Cuba have never done that. North Korea has never done that.

So I hope our stupid and corrupt politicians in Congress keep that in mind.