(Sean Higgins – Washington Examiner)
Agriculture Secretary Sonny Perdue said Wednesday that his department is drawing up contingency plans for the agriculture industry should the U.S. exit the North American Free Trade Agreement.
His comments come just a week before the fifth round of talks to renegotiate the 1993 trade deal among the U.S., Canada and Mexico get underway. The talks have seen little progress, with the U.S.’ trading partners rejecting the Trump administration’s more radical changes to the pact.
That has raised the specter that the talks could fall apart and President Trump could withdraw from the treaty. Perdue indicated that was a very real possibility in remarks made to reporters. “We’re talking with the administration and Congress about some mitigation efforts if that were to occur — about how we could protect our producers with that [agricultural] safety net based on prices that may respond negatively to any kind of NAFTA withdrawal,” he said. Click here to read more.