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Why Trump’s Threat to Withdraw from NAFTA is An Empty One

Posted August 30, 2017

Under Economic Issues, International Trade Issues

(Don Lee – Los Angeles Times)

As the United States, Canada and Mexico head for a second round of talks this weekend to renegotiate the North American Free Trade Agreement, President Trump is ramping up his bluster about simply terminating the pact instead.

But many former trade negotiators and experts agree that the president’s threat to cancel NAFTA is essentially an empty one, more likely intended as a bargaining ploy.

For one thing, Trump lacks the legal authority to unilaterally end all U.S. obligations under the 23-year-old agreement with Canada and Mexico. Some of that power rests with Congress. Click here to read more.

Related: As Trump Threatens NAFTA Exit, Farm Chief Touts Its Success (Bloomberg)