The original NAFTA deal has landed back atop Donald Trump's hit list, with the U.S. president again declaring he intends to terminate the 24-year-old trade pact — a move that appears designed to pressure lawmakers on Capitol Hill into approving its recently negotiated successor.
Donald Trump tweeted a warning shot across GM's front bumper on Tuesday, November 27, 2018, threatening to pull all U.S. subsidies for America's largest automaker if its plans to slash jobs and production at North American plants prove to be a precursor to building interconnected electric cars in China.
Donald Trump's tariff battles with Canada, Mexico, China and Europe have inflated the cost of steel, making it more expensive to build cars in North America, but General Motors' decision to close factories and lay off thousands of people is more about tactics than the balance sheet, say trade observers and automotive industry experts.
A group of U.S. senators is pushing President Donald Trump to fast-track the final text of the United States-Mexico-Canada Agreement so Congress can vote on it before the end of the year — a notion that stretches credulity for lawmakers and observers on both sides of the Canada-U.S. border.
Canada's fraught new trade pact with the United States and Mexico is facing a new challenge: a group of conservative U.S. lawmakers who say its language on sexual orientation and gender identity is inappropriate and an affront to national sovereignty.
Economic uncertainty will linger across North America unless and until a divided Congress approves the U.S.-Mexico-Canada Agreement, trade lawyers from both countries predicted Wednesday as newly emboldened Democrats on Capitol Hill vowed not to rubber-stamp the deal.
The prospect of a constitutional crisis is familiar to Canadians, one that triggers feelings of dread, fear and no small measure of loathing — and now perhaps pity for the United States, which some say Donald Trump is leading towards a constitutional crisis of its own.