Geneva: US president Donald Trump has ratcheted up pressure on Canada and other trading members, including the European Union, threatening that if they refuse to accept Washington's trade demands they will risk losing "free military protection", after talks between the US and Canada for revamping the trade deal, which includes Mexico, failed.
But under US trade rules, the USA team doesn't have to make public the text of the revamped agreement for 30 additional days, buying more time to reach a deal with the Canadians. "Congress should not interfere w/ these negotiations or I will simply terminate NAFTA entirely & we will be far better off".
Just last week, Trump canceled a planned raise for federal employees and proposed rules that will hurt workers ability to save for retirement while simultaneously moving to lavish another tax benefit on the nation's richest with another $100 billion giveaway.
US President Donald Trump on Saturday threatened to exclude Canada from a new NAFTA agreement after negotiations to rewrite the pact ended without an agreement the night before.
Moshe Lander, an economics professor at Concordia University, suggested Trump doesn't have the authority to pull out of NAFTA "in the simple way he presents".
Continetti said the key to Trump's recent trade negotiations was concentrating on Mexico and leaving Canada to one side.
But Trump issued a warning to both to Canadian Prime Minister Justin Trudeau and Congress on Saturday in a post on Twitter, writing he would go on without Canada and could unwind North American free trade if lawmakers would not support his approach.
Rep. Kevin Brady, Texas Republican and chairman of the House Ways and Means Committee, said NAFTA needed updating and the president's notification was an important step toward that goal.
At this stage, he said it's hard to speculate on whether Congress will stand up to the president, especially since the contents of the deal have not yet been revealed.
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"We're anxious to move forward with it and anxious to have all three countries involved, because NAFTA has had a devastating effect on the working people of this country for the last 25 years", he said.
"Yes they want changes, yes they want improvements, but they don't want to throw everything away".
Trump is attempting to get a new NAFTA deal signed before current President Enrique Peña Nieto leaves office December 1.
"We have also been negotiating with Canada throughout this year-long process".
However, he said the president could try to obtain ratification by "dangling the promise of letting Canada join later". Nevertheless, Canada's chief negotiator, Foreign Minister Chrystia Freeland, said she felt the Trump administration was negotiating in "good faith" and believed "a win-win-win agreement is within reach".
In response to Trump's latest message, the Canadian government stuck to the cautiously optimistic message that has become its standard response on the matter.
He added: "We said when [Trump] was elected that when he did something good for workers, we'd support him".
Kansas exports totaled more than $11 billion in 2017, led by agricultural products, aircraft and airplane parts.
Trump, according to the Star report, said he frequently reminds Canada that if necessary he will slap painful tariffs on auto imports.