Trump says Mexico and Canada could back out of his signature NAFTA replacement deal | Markets Insider

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Trump says Mexico and Canada could back out of his signature NAFTA replacement deal | Markets Insider
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Trump claims Mexico and Canada could back out of his signature NAFTA replacement deal

President Donald Trump on Monday cast further doubt on his signature rewrite of the 25-year-old North American Free Trade Agreement.The North American neighbors have made no public indication that they could pull out of USMCA.President Donald Trump on Monday cast further doubt on his signature rewrite of the 25-year-old North American Free Trade Agreement, claiming that Mexico and Canada could reject the deal before it is finalized.

Trump has sought to cast blame on House Speaker Nancy Pelosi for the delayed ratification of the deal, which was announced last year. But Pelosi isn't able to bring the trade deal to the floor for a vote yet because it's not done. The Trump administration and Congress have continued to negotiate the terms of United States-Mexico-Canada Agreement after top Democrats pushed for stricter labor standards and enforcement mechanisms in the deal. Trump separately rolled back steep tariffs on metal from the two countries this year, which had previously been a major obstacle for ratification of USMCA.

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