Bor­ing but im­por­tant

The Week (US) - - News -

New NAFTA dead­line

A day after sign­ing a new trade deal with Mex­ico and Canada, Trump last week said he will be “for­mally ter­mi­nat­ing NAFTA shortly.” By law Trump must give six months’ no­tice be­fore with­draw­ing from the old deal. Dur­ing that win­dow Congress could pass a re­vised ver­sion of the United States–Mex­i­coCanada Agree­ment, known as the USMCA. If Congress failed to do so, the old treaty would be void, and the U.S. would be left with­out a trade deal at all. White House of­fi­cials be­lieve the deal’s wage re­quire­ments for au­to­mo­bile work­ers and other pro­vi­sions could win bi­par­ti­san sup­port in Congress. But Democrats say the USMCA doesn’t do enough to pro­tect U.S. jobs, with in­com­ing Speaker Nancy Pelosi (D-Calif.) call­ing it a “work in progress.”

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