Globe editorial: Until Trump loses (or wins) in 2020, NAFTA is in limbo GlobeDebate
After the drama of the renegotiation of the North American free-trade agreement last year, and all the energy Canada, Mexico and the United States expended on it, it isn’t unreasonable to want its replacement deal to quickly become the law of the continent.
The Trump White House has yet to draft a final version of the text and the necessary enabling legislation. Those must be sent to Congress, where the Democrat-controlled House of Representatives is already demanding changes without having seen the details, particularly around enforcement. In other words, Washington’s ratification of USMCA is unlikely until after the U.S. general election of 2020. That likely delay of at least 18 months has given the other two signatories every incentive to put their own ratification on hold.
The uncertainty about the fate of the USMCA is not good for the many businesses that rely on the interconnected supply chains that operate between the North American partners. They are having to make provisions for its adoption while also preparing to stay the course.
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