Trump Says He Will Withdraw from NAFTA
Move is designed to pressure Congress to approve USMCA deal
President Donald Trump said Saturday he intends to formally notify Canada and Mexico of his intention to withdraw from the nearly 25-year-old North American Free Trade Agreement in six months.
According to a report at Politico, the move would put pressure on Congress to approve his new trade deal with the two U.S. neighbors.
While a number of business groups do support the new deal because it contains new provisions on digital trade and strengthens intellectual property rights protections, others are simply relieved that it would keep much of the original agreement in place.