Trump to terminate NAFTA soon formally

Donald Trump says he'll terminate Nafta

"There is much more work to do in lowering trade barriers and in fostering growth that benefits everyone, but reaching a new free trade agreement with the United States and Mexico is a major step for our economy", said the prime minister.

By the time Donald Trump's implementing legislation and that's the key here, is introduced into the Congress, you'll have a Democratic majority in the House of Representatives and that's a shift as a result of the November elections. MacNaughton said Canadian diplomats will rev up their machine to lobby members of Congress for their support.

Those tariffs began with US action against imported steel and aluminum, using national security as a justification under an obscure USA law from 1962. That letter is already in effect, he said.

President Donald Trump has actually officially ended the North American Open Market Arrangement (NAFTA) as well as has actually provided Congress 6 months to accept the substitute he just recently authorized.

Priyanka Chopra and Nick Jonas' wedding guests receive welcome gifts
The couple are due to have a traditional Hindu wedding ceremony on Sunday and host a reception in New Delhi next week. Nick Jonas and Priyanka Chopra married in a Western ceremony in her native India Saturday.

But Morneau told a gathering in NY today he had no insight into when that might happen.

That termination, he reportedly suggested late Saturday, would present Congress with a binary choice between the amended agreement signed at the G-20 with Canada's Justin Trudeau and Mexico's Enrique Peña Nieto and a reversion to the trade practices in place before Nafta's passage in 1993, reports Efe news. "While we'll have to watch and ensure we get through this next stage, we have a high level of confidence that's achievable".

Larry Kudlow, Trump's senior economic adviser, said he and Trump hadn't spoken in detail about the president's thinking.

"The ceremonies, the signing - the president's very happy with all of that. And we're rolling. Congress, on the other hand, is not rolling, and I think President Trump's intent here was to light a fire under Congress".

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