January 22, 2018 | By: PATRICK GILLEPSIE –
President Trump could soon kill a major trade deal with Mexico and Canada if huge compromises aren’t made this week.
Round 6 of the renegotiation of NAFTA, the pact between Mexico, Canada and the U.S., starts Tuesday in Montreal, Canada.
No major progress has been made on key issues through the first five rounds. Only one more round after this week is scheduled, and Trump continues to repeat his threat that if he doesn’t get the deal he wants, he’ll withdraw.
“It’s going to be the decisive round,” says Scott Sinclair, senior fellow at the Canadian Centre for Policy Alternatives.
Trump made NAFTA a core campaign issue. He argues that Mexico is taking jobs and billions of dollars in commerce away from the United States. He also believes a new deal will help the U.S. finance payment for the border wall.
About 14 million U.S. jobs depend on trade with Canada and Mexico, according to the U.S. Chamber of Commerce, a business advocacy group.
Negotiators face a number of challenges this week
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