Donald Trump says he'll terminate Nafta

Donald Trump says he'll terminate Nafta

The move took many of Mr Trump's economic advisers by surprise: In the lead-up to the Argentina trip, a lot of them were said to believe that scrapping Nafta was off the table.

Trump had to submit the text of the agreement to Congress by Friday to set up a slim chance of passing implementation legislation for the deal before January, when Democrats will assume the House majority. Kester says the agreement brings the trading relationship with USA neighbors into the 21st-century. Crawford said the agreement should be for at least 10 years. Trump had been adamant that the tariffs were necessary to encourage investment in American companies.

The business world seems to be reacting favorably to the U.S. I understand the president said it's final. -China truce on tariffs, which the countries announced over the weekend at the G20 summit in Argentina, the Supply Chain Dive reports. Kudlow said China's vice premier, Liu He, had given him assurances that Beijing would begin making changes immediately to allow more US companies to sell products into China. "I think at the end of the day we'll get it passed".

On the plane ride back from the G20 summit, President Donald Trump said he would withdraw from NAFTA, the North American Free Trade Agreement, which still governs business among Mexico, the USA and Canada despite the countries signing the USMCA deal at the summit, the New York Times reports. He cited concerns about a provision that might lead to the deal expiring, and new rules he said would limit Mexico's ability to sell cars and auto parts.

The agreement, if approved, would be for five years, but Crawford thinks that is a mistake.

Democratic Senator Sherrod Brown of OH says the US needs to reopen discussions with Mexico and Canada on trade.

"As a result, I owe it to New Mexicans to apply the highest level of scrutiny to this agreement to make sure that our border communities won't suffer the consequences of the administration's flawed negotiations". Kevin Kester, President of the National Cattlemen's Beef Association, says "U.S. beef producers are one step closer to "unrestricted, science-based trade continuing in North America".

The move comes as leaders in congress mull over the agreement, with neither Republicans nor Democrats happy with the new agreement. "Good, here's some things we can improve upon, '" said Hardcastle.

If the president follows through on his threat, congressional leaders will have six months to pass the measure. Charles Grassley, R-Iowa, said Monday on the radio show "Adams on Agriculture". Much, much better than NAFTA.

Qatar to quit OPEC oil group to focus on gas exports
Qatar would continue to produce oil and seek deals in countries including Latin America's top oil producer Brazil, said Kaabi. Qatar has pulled out of Opec , the group of 15 of the world's leading oil producers, to focus on enlarging its gas industry.

"As it's now written, Trump's deal won't stop the serious and ongoing harm NAFTA causes for American workers".

Trump had vowed to revamp NAFTA during his 2016 presidential election campaign.

"No, I don't. The work's not done yet".

Like other Democrats, Pelosi praised Lighthizer for working with Democrats and updating them on the status of talks, a relationship that could prove crucial as votes near.

"What isn't in it yet are enough enforcement reassurances regarding workers" and the environment, she told a press conference.

AFL-CIO President Richard Trumka on Friday called for a major rewrite of the deal signed in Argentina at the Group of 20 summit. The commission has up to 105 days, or by mid-March to complete a report.

The free-trade leanings of many Republican lawmakers will clearly bump up against their home-state demands.

"As now drafted this deal will put Florida seasonal vegetable growers out of business", Rubio wrote.

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