Trump's Threat To Pull Out Of NAFTA Hangs Over Montreal Negotiations
The sixth round of negotiations on NAFTA, the North American Free Trade Agreement is underway this week in Montreal. Farmers from Texas who export to Mexico are in Montreal, appealing for a continued trade agreement.
Canada and Mexico made news as the talks opened by striking separate trade deals with a host of Asian nations. President Donald Trump says the NAFTA talks are going “pretty well,” but he also restated that he’ll withdraw from NAFTA if not enough progress is made.
Will he or won’t he pull the U.S. out of NAFTA? That’s the question about Trump that negotiators from Canada and Mexico are asking their U.S. counterparts in Montreal. Rona Ambrose, a member of the Canadian government’s NAFTA Advisory Council told Canada’s CTV it’s not a matter of if, but when.
“And right now there is just a complete lack of flexibility on the American side. It’s basically their way or the highway,” Ambrose said.
The U.S. also wants a new rule mandating that cars shipped duty-free from one NAFTA nation to another contain 50 percent U.S.-made components. That’s a non-starter says Falvio Volpe, president of the Automobile Parts Manufacturers Association. He blames the American side for being inflexible on a rule that would radically reconfigure the auto industry. “There’s no movement. So that’s not, that’s not, creative.”
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