July 18, 2017
Renegotiating NAFTA Isn’t Going to Be Easy—Here’s Why
The White House has finally given us a sneak peek of what they want to change about NAFTA, and one thing’s for certain: our government’s got one tough road ahead. Though the Trump administration left quite a few details out, we know that they’ll be focusing on a few main goals, including “more exports of its dairy products, wine and grains; freer trade in telecommunications and online purchases; new rules on currency manipulation; an overhaul of the dispute-settlement system; and more access for U.S. banks abroad.” Oh, is that all? CTV News
What Else You Need to Know
Experts are predicting a long and rough battle ahead as we try to protect our country’s interests while trying to navigate Trump and his “Make America Great Again” game plan. Washington-based trade expert Eric Miller said that he expects the negotiations to “be pretty intense and hard-fought” and that Canadians shouldn’t expect it to be finished in less than eight months. He also put out a warning to our government, “Expect Canada to have to fight hard for issues it cares about.”
(Hopefully Trump doesn’t tweet out a video of himself pummelling Canada.)
The trade negotiations are scheduled to start next month. So fasten your seatbelt, we’re in for a bumpy ride.