Donald Trump says he'll terminate Nafta

Donald Trump says he'll terminate Nafta

The President needs to talk to Congress on this.

"I'll be terminating it within a relatively short period of time".

'We (will) get rid of NAFTA, ' he told reporters.

Morneau, speaking to a NY event arranged by Politico, also said it was clear that a negotiating process was starting in the United States which he hoped would lead to Congressional ratification of a new pact created to replace the North American Free Trade Agreement. "Congress will have a choice of the USMCA or pre-NAFTA, which worked very well".

He had made renegotiating NAFTA a key campaign promise. I understand the president said it's final.

Trump, joined by Canadian Prime Minister Justine Trudeau and outgoing Mexican President Enrique Peña Nieto, signed the United States-Mexico-Canada Agreement during a ceremony before the start of this year's G-20 summit in Buenos Aires, Argentina.

AP via CP Former President of Mexico Enrique Pena Nieto, left, U.S. President Donald Trump, and Prime Minister Justin Trudeau, participate in the USMCA signing ceremony, November 30, 2018 in Buenos Aires, Argentina. It passed Congress the following year, and took effect in 1994.

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"As it's now written, Trump's deal won't stop the serious and ongoing harm NAFTA causes for American workers".

What has Congress said about this?

Presumptive incoming Speaker of the House Nancy Pelosi described the deal as a "work in progress" that lacks worker and environment protections.

But Morneau told a gathering in NY today he had no insight into when that might happen.

The Democrats, who say the USMCA has some shortcomings, take control of the U.S. House of Representatives next month. "Without this, he's got little leverage over Congress, and Congress has got detractors on both sides - on the Democrat and the Republican side - who don't really like the deal".

The leaders of the three countries agreed on a deal in principle to replace NAFTA, which governs more than Dollars 1.2 trillion of mutual trade, after acrimonious negotiations concluded on September 30.

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