Analyst Warns "Ugly Day" if NAFTA is Terminated

October 12, 2017 12:48 PM
 
 

Wednesday signaled the first day of the fourth round of talks to renegotiate the North American Free Trade Agreement (NAFTA) in Washington D.C.

Once again, President Trump is throwing around threats to nix the trade deal that’s been in place for more than 20 years.

As Trump and Canadian Prime Minister met in the Oval Office, Trump called the Canadian leader “a great friend of mine” and that the two countries are “incredibly close.”

Negotiators from Canada, Mexico and the U.S. assembled for talks after Trump called the trade agreement a “disaster.”

In an interview with Forbes Magazine, Trump thinks NAFTA will need to be tossed to make it better.

“I happen to think that NAFTA will have to be terminated if we’re going to make it good,” he said.

If the U.S. can’t strike a NAFTA 2.0 deal, Farm Journal Washington correspondent Jim Wiesemeyer says that’s a question no one wants to answer.

“You should always have a fallback plan,” he said. “The market needs to know that, but they [White House or trade officials] will not answer that. If you don’t have any NAFTA, you’re going to see an ugly day for the markets in the U.S. because that obliterates the integrated North American market.”

The talks are planned to end on Oct. 16.

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Comments

 
Spell Check

John D
Illinois, IL
10/12/2017 08:12 PM
 

  That is what you get for voting for a guy born with a silver spoon in his mouth.Who is clueless to the real world.His only goal is to sell us out to Russia and walk away with several more billion.Sad thing is the whole country is to stupid to do anything about this moron

 
 
Justine
Sylvan Grove, KS
10/13/2017 08:55 PM
 

  Nafta and all those thousands of pages of trade deals (Gatt, Cafta...and almost the Asian Trade ) help the top 20 percent of Americans. It is called trickle down economics......sickening. What we need is a high speed rail system that China is doing with Russia and Africa....they have asked America on with one of the greatest infrastructure programs....offered to Obama but he wasn't American enough.....hope that Trump is.

 
 
Mush
Sharon, IA
10/13/2017 03:35 PM
 

  Some key words in this article say the agreements been in place for over 20 years. My income has stayed the same or dropped in these 20 years but everything else has increased significantly in price. Maybe the morons are the ones that vote for the same party for 20 or 30 years and expect different results they are possibly the real turkeys that voted for Thanksgiving

 
 

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