Things turned sour as the fourth round of talks to rehash NAFTA was held near Washington.
Canadian Prime Minister, Justin Trudeau and Mexican President, Enrique Pena Nieto are committed to reaching a negotiation despite the series of aggressive proposals made by the U.S.
Worsening the tension, the U.S. just dropped the addition of a “sunset-clause” among a chain of other hard-line proposals that were synonymously opposed by Canada and Mexico.
The U.S. proposed this clause that requires an expiration of the NAFTA talks every five years. Canada and Mexico maintain that this clause would hamper investment due to the uncertainty of its future. “It’s a source of total uncertainty,” termed one of the NAFTA government officials.
In spite of the hostility broiling in light of the U.S.’s aggressive demands pertaining to NAFTA talks, Canada has no plans to back out or abandon their stance.
“We will not be walking away from the table based on the proposals put forward,” Trudeau maintained a firm stance at a news conference upon being asked whether the clause posed a threat to NAFTA.
U.S. President Donald Trump declared NAFTA has been disastrous for the U.S. since the time of its agreement in 1994. He reiterated the possibility of terminating the pact.
In response to Trump’s warning, Trudeau stated Canada is “braced” for Trump’s volatility. Canada is committed to devising a “win-win-win” deal despite pressure from the U.S.
Mexican President describes NAFTA as a “good mechanism to boost the development of the region,” and mirrored Canada’s stance in reaching a deal that was equally beneficial for the 3 countries.
“More contentious issues will be coming up very shortly,” U.S. Commerce Secretary had commented earlier this week, foreshadowing the revelation of this clause that could potentially derail NAFTA.
Meagan Kozlovs is a reporter for Debate Report. She’s worked and interned at Global News Toronto and CHECX. Megan is based in Toronto and covers issues affecting her city. In addition to her severe milk shake addiction, she’s a Netflix enthusiast, a red wine drinker, and a voracious reader.