Tags: Trump Administration | nafta | proposals | canada | congress

Axios: NAFTA Future in Doubt Amid Trump Proposals

Image: Axios: NAFTA Future in Doubt Amid Trump Proposals
President Donald Trump (Evan Vucci/AP)

By    |   Tuesday, 10 October 2017 10:58 PM

The Trump administration will present controversial proposals for NAFTA negotiations that will likely meet with opposition from Congress, some segments of the business community and leaders in Canada and Mexico, Axios reported Tuesday night.

The proposals come as the Trump administration — led by chief trade negotiator Robert Lighthizer — enters the fourth round of NAFTA talks with Canada and Mexico on Wednesday.

Axios, citing an unnamed senior congressional aide, reported the proposals include:

  • Auto rules of origin that will require high percentages of car parts and materials to be made by the NAFTA countries, and a certain percentage to come from the United States, in order for automobile manufacturers to benefit from NAFTA.
  • A five-year sunset calling for the United States Canada, and Mexico to restate their willingness to continue the agreement every five years — a provision Axios reported could discourage investors from building in North America on the expectation of NAFTA benefits.
  • Making the Investor State Dispute Settlement arbitration procedure an opt-in system, undermining the ability of private companies to take legal action when foreign governments' moves devalue their investments in that foreign country.
  • Dispute settlement changes between the NAFTA parties, which Axios reported are expected to be questioned by the business community.

The Trump administration has threatened to pull out of NAFTA if the three countries cannot agree on far-reaching changes to favor American interests.

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The Trump administration will present controversial proposals for NAFTA negotiations that will likely meet with opposition from Congress, some segments of the business community, and leaders in Canada and Mexico, Axios reported Tuesday night.
nafta, proposals, canada, congress
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2017-58-10
Tuesday, 10 October 2017 10:58 PM
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