THE MOST IMPORTANT NEWS - TRUMP WARNS CANADA, MEXICO HE WILL BEGIN NAFTA RENEGOTIATION "WITHIN DAYS OF INAUGURATION"

Trump Warns Canada, Mexico He Will Begin NAFTA Renegotiation “Within Days Of Inauguration”

BY MICHAEL ON JANUARY 18, 2017

In the latest unexpected and ad hoc announcement on North American trade arrangements, the Globe and Mail reports that Trump’s Commerce Secretary pick, Wilbur Ross, has informed Canadian officials that he plans to reopen NAFTA talks within days of his inauguration, and that rules of origin and independent dispute tribunals will be central in negotiations of North American Free Trade Agreement. Ross has indicated new administration will send a formal letter notifying Canada and Mexico of plans to renegotiate Nafta within days of Trump’s inauguration.

According to the G&M, Trump “want to discuss country of origin rules and the independent dispute-settlement mechanism that are key features of the 1994 NAFTA pact, officials say.”

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