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Trump to end Nafta before vote to revise pact with Canada, Mexico

IANS  |  Washington 

told reporters aboard Air Force One after the summit in that he will formally notify of the termination of the (NAFTA) in the "near future", according to a report made available to on Sunday.

That termination, he reportedly suggested late Saturday, would present with a binary choice between the amended agreement signed at the with Canada's and Mexico's Enrique Peña Nieto and a reversion to the trade practices in place before Nafta's passage in 1993, reports news.

Trump has said he foresees few hurdles to the new agreement's passage in the US - it also requires legislative approval in and City - but US lawmakers on both sides of the aisle, including Sen. Elizabeth Warren, a Massachusetts Democrat who's believed to be weighing a presidential run, have expressed reservations.

Warren said this week that the revised trade regime, "won't stop outsourcing, it won't raise wages, and it won't create jobs. It's 2.0".

Trump prefers to call the pact the US-Mexico-Agreement.

--IANS

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Sun, December 02 2018. 19:04 IST
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