Trump proposes NAFTA by another name. But it won't look like NAFTA. He wants tailored bilateral trade agreements.
President Trump says Mexico and Canada are 'very different countries'. That is true of any two countries, even countries in the EU. And on that note Trump Raises Prospect of Separate Trade Deals With Canada, Mexico.
"I wouldn't mind seeing Nafta where you'd go by a different name... a separate deal with Canada... a separate deal with Mexico," Mr. Trump told reporters.
"These are two very different countries," Mr. Trump said, adding that in his opinion the U.S. loses "a lot of money with Canada" because of the existing framework, and loses "a fortune with Mexico."
NAFTA is Dead
The Globe and Mail proclaims NAFTA is Dead and Canada Should Move On
NAFTA – at least as we know it – is dead. Donald Trump just killed it.
The reckless and crippling 25-per-cent tariff on steel and 10-per-cent tariff on aluminum that the U.S. President's administration just used to bludgeon Canada and Mexico (not to mention the entire European Union) is the murder weapon.
When someone keeps threatening to smash you, as Donald Trump has since he announced his candidacy for president, it usually pays to take them seriously. Today, even the most committed somnambulist can't ignore what the U.S. administration has done.
How can we for a moment believe that a renegotiated NAFTA can protect us from further unwarranted and equally ferocious economic attacks from our putative partner? The risible pretext that U.S. Commerce Secretary Wilbur Ross trotted out for the tariffs was "national security," because, as he put it, "without a strong economy, you can't have strong national security." We can expect this elastic interpretation to be the standard approach of the Trump administration to any disputes under a renegotiated NAFTA.