Trump to kill old NAFTA

President Trump dumps NAFTA

Trump to kill old NAFTA

Federal Finance Minister Bill Morneau says Canada takes seriously comments made by U.S. President Donald Trump about withdrawing from the North American Free Trade Agreement.

Hailing the deal as "modern and balanced", the president said at the signing ceremony that it has been "well-reviewed" and he doesn't expect to have much problem in Congress. "Without major improvements, this supposed overhaul will prove to be nothing more than a rebranded corporate handout". The move seems to be aimed at the new Democratic House, which will take over next year - and may not approve the USMCA.

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

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's been a disaster for the United States", said Trump, who insisted that the North American Free Trade Agreement, in place for almost a quarter-century, was a killer of American jobs.

On Sunday, Henry Connelly, a spokesman for Pelosi, told the New York Times that it was "disappointing but not surprising" that Trump was trying to force Congress to approve the new deal. This deal is meant to be a replacement of the North American Free Trade Agreement which went into effect during the Clinton Presidency in 1994.

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President Donald Trump, Canada's Prime Minister Justin Trudeau, right, and Mexico's President Enrique Pena Nieto, left, participate in the USMCA signing ceremony, Friday, Nov. 30, 2018 in Buenos Aires, Argentina.

Thus, even though its been signed, it still faces major hurdles, particularly in the USA where Congressional Democrats are cool to the proposed agreement. MacNaughton said Canadian diplomats will rev up their machine to lobby members of Congress for their support.

The move comes as leaders in congress mull over the agreement, with neither Republicans nor Democrats happy with the new agreement.

"I think we will get the support of a lot of Democrats, a very high number of Democrats, absolutely - I have no doubt about it", Lighthizer said.

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