In a surprising move, President Trump has come to a bilateral “understanding” with Mexico which might replace NAFTA. The details of the understanding, which must be ratified by Congress, are still unclear. According to reports, President Trump has indicated he may terminate the North American Free Trade Agreement and replace it with the new work-in-progress US-Mexico “understanding”. When asked if Canada would be part of the new pact, the president quipped “we shall see.”
Canadian Foreign Minister Chrystia Freeland is reportedly traveling to Washington on August 28 to continue and possibly finalize the NAFTA renegotiations. We will be following the developments closely.
Photo Credit: Karen Roach