President Trump said he will shortly terminate NAFTA, a move that will force House Democrats to approve a new trade deal signed with Mexico and Canada or be left without any agreement.
“I will be formally terminating NAFTA shortly,” Trump told reporters aboard Air Force One late Saturday as he returned to Washington from the G20 summit in Argentina.
“When I do that, if for any reason we’re unable to make the deal … then Congress will have a choice of approving the USMCA, which is a phenomenal deal,” Trump said, referring to the United States Mexico Canada Agreement.
Trump, Canadian Prime Minister Justin Trudeau and Mexican President Enrique Peña Nieto held a ceremonial signing at the G20 meeting on Friday for the USMCA, which would replace NAFTA that was signed into law by President Clinton in 1994.
If Trump ends NAFTA, Congress would have 60 days to approve USMCA or both trade deals would be void.
The president, who made getting rid of NAFTA one of the signature issues of his campaign, is forcing the hand of Democrats who will take control of the House in January after winning seats in the midterm elections.
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