U.S. Leaves New NAFTA In Limbo, Likely Until After Canada's Election
The U.S. House of Representatives did not ratify the deal before breaking for the summer.
OTTAWA — The U.S. House of Representatives began its summer break today leaving the ratification of the new North American trade deal hanging, rekindling angst that a frustrated President Donald Trump will blow up the existing pact.
Trade experts in Canada and the U.S. are divided on whether Trump may be driven to invoke the six-month notice period to withdraw from the current North American Free Trade Agreement — a threat he repeatedly made during the tense renegotiation of the pact that he pushed on Canada and Mexico.
Mexico is the only country to give full legal approval to the new United States-Mexico-Canada Agreement, or USMCA, when its Congress recently ratified the deal.
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