Trump Threatens To Kill NAFTA If Congress Doesn't Approve His New Deal

“I will be formally terminating NAFTA shortly,” Trump told reporters aboard Air Force One on his way home from Argentina

USMCA Deal Signed

President Trump, Canadian Prime Minister Justin Trudeau, and Mexican President Enrique Pena Nieto signed a new NAFTA agreement on Friday. Trump calls the NAFTA replacement USMCA, the United States-Mexico-Canada Agreement.

“I will be formally terminating NAFTA shortly,” Trump told reporters aboard Air Force One on his way home from Argentina USMCA Deal Signed President Trump, Canadian Prime Minister Justin Trudeau, and Mexican President Enrique Pena Nieto signed a new NAFTA agreement on Friday. Trump calls the NAFTA replacement USMCA, the United States-Mexico-Canada Agreement.

The deal is signed, but it still needs to be ratified by all three governments.

USMCA or Bust

On Saturday, Trump said he would notify Congress in the 'near future' that he will Terminate NAFTA

Trump will give lawmakers six months to approve the treaty. If not, we go back to old WTA rules.

“Just so you understand, when I do that - if for any reason we’re unable to make a deal because of Congress then Congress will have a choice” of the new deal or returning to trade rules from before 1994 when NAFTA took effect, he said.

60 Days Given 105 Needed

The International Trade Commission (ITC) is investigating the Likely Impact of USMCA.

"This report, which will be made public, is due to the President and Congress no more than 105 days after the President signs the agreement."

Congress is expected to wait until the ITC report is issued before voting on the new agreement. In fact, Senate majority leader Mitch McConnell recently told Bloomberg in an interview that the vote on USMCA will be a “next-year issue.”

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