Despite the above ?
Congress has to approve any trade deal….
The Bill Clinton trade agreement with Canada and Mexico is still in effect….
(Trump will surely name his new effort for him or the GOPer’s)
The House should be a different place come January 1……
President Trump announced Monday from the Oval Office that he plans to enter into a new trade agreement with Mexico called the United States-Mexico Trade Agreement — getting rid of the name NAFTA — with the hope that Canada will “negotiate fairly” and join at a later date, enter into a separate deal, or face automobile tariffs.
The details: Despite Trump’s announcement, any trade deal would have to first approved by Congress. Per Reuters, the agreement with Mexico requires 75% of an automobile’s value to be manufactured in North America, up from NAFTA’s current level of 62.5%. It would also require 40% to 45% of the car to be made by workers earning at least $16 an hour….