The 'new NAFTA' is still not ratified, and may be in trouble - Entrepreneur Generations

The trade agreement that the U.S., Mexico and Canada negotiated last fall still hasn't been ratified by any of the legislative bodies of the three nations, and "All of a sudden there are clouds on the horizon in all three places," Wall Street Journal Washington Bureau Chief Gerald Seib reports.

First, Democrats, who control the U.S. House, say the agreement lacks adequate labor and environmental standards, and want side agreements on those points, but that idea is not popular in the other two counties, Seib says in his video report.

Second, Canada's foreign minister said his country wouldn't ratify the treaty until President Trump lifts the tariffs that he placed on steel and aluminum from Canada. Then Trump said he might put a 25% tariff on cars and parts coming from Mexico, and that such tariffs would supersede the treaty.

It all adds up to "a very important trade agreement that's sort of flying below the radar screen but hitting some turbulent air as it does so," Seib says. The agreement would replace the North American Free Trade Agreement and be called the U.S.-Mexico-Canada Agreement.

from The Rural Blog http://bit.ly/2UDouUd The 'new NAFTA' is still not ratified, and may be in trouble - Entrepreneur Generations

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