2 ms·
What you say is largely accurate, but it's worth noting that the president's ability to unilaterally terminate NATFA is a subject of debate. [1] [2] The short v
by comex 8y ago
What you say is largely accurate, but it's worth noting that the president's ability to unilaterally terminate NATFA is a subject of debate. [1] [2] The short version is that Trump probably does have the authority to formally withdraw, but doing so without Congress's approval would leave the NAFTA Implementation Act in place, making it into a sort of zombie agreement. Certainly Congress will want to avoid things getting that far, and so the new agreement will probably pass. But as today's news demonstrates, negotiations in the Trump era tend to be... unpredictable.
[1] https://www.vox.com/policy-and-politics/2017/10/26/16505508/nafta-congress-block-trump-withdraw-trade-power https://www.vox.com/policy-and-politics/2017/10/26/16505508/...
[2] https://piie.com/blogs/trade-investment-policy-watch/can-trump-terminate-nafta https://piie.com/blogs/trade-investment-policy-watch/can-tru...