BUENOS AIRES, ARGENTINA - NOVEMBER 30: U.S. President Donald Trump gestures during the plenary session on the opening day of Argentina G20 Leaders' Summit 2018 at Costa Salguero on November 30, 2018 in Buenos Aires, Argentina. (Photo by Amilcar Orfali/Getty Images)

Trump said he plans to terminate NAFTA, setting off a firestorm among lawmakers.
But both key Republicans and Democrats agree that he has no such legal authority to begin with.
Lawmakers also warned of the “disruptive” economic effect that a sudden NAFTA withdrawal could have.

WASHINGTON — Key Republicans and Democrats are in agreement that President Donald Trump does not have any legal authority to withdraw the United States from the North American Free Trade Agreement (NAFTA) in an effort to force Congress to swiftly consider his new deal with Canada and Mexico.

Members of the Senate Finance Committee told INSIDER that Trump cannot just shred NAFTA, but would instead have to consult with Congress, where he would no doubt face significant hurdles without a concrete, agreed upon replacement already in place.

Read more: Republicans are freaking out about Trump’s massive new tariffs

“I’ll be terminating it within a relatively short period of time. We get rid of NAFTA. It’s been a disaster for the United States. It’s caused us tremendous amounts of unemployment and loss and company loss and everything else,” Trump told reporters this week. “That’ll be terminated. And so Congress will have a choice of the USMCA or pre-NAFTA, which worked …read more


Source:: Businessinsider – Life

      

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