That’s because the Mexican government made the offer even though President Donald Trump used the weekend to continue to insist he’d find a way to force Mexico to pay for a wall along the Southern border, something the country has no intention of doing.
Joel Trachtman, professor of global law at Tufts University’s Fletcher School, said eliminating NAFTA would introduce tariffs on products like cheap Mexican steel and make American-made steel more competitive, but could also cut demand for USA -grown corn that’s seen exports to Mexico skyrocket under NAFTA.
Yesterday, Trump Tweeted yet another offensive call for Mexico to pay for the wall – amid threats to tear up the NAFTA trade treaty.
One day earlier, Mexico vowed it would not pay “under any circumstances”. “If a need for assistance does arise, we will work with our partners, including Mexico, to determine the best way forward”.
That, of course, raised the question: If Mexico was supposed to pay for the wall, why did the USA have to face a potential government shutdown over construction money for it? Trump regularly refers to NAFTA as the “the worst trade deal maybe ever signed anywhere”.
“From an economic issue”, he said, “it is the least important thing we were talking about”.
Trump has said he will “probably” pull out of NAFTA but the legal community is unclear if the President can quit a treaty without Congressional approval. Sheriff Joe protected our borders.
In recent weeks, Trump has been very vocal about NAFTA renegotiations.
“I don’t think a government shutdown is necessary and I don’t think most people want to see a government shutdown, ourselves included”, he noted.
Twitter is ganging up once more on Donald Trump after he used the social media platform to endorse a couple of his unpopular agendas all while Texas is being battered by Hurricane Harvey. “If we have to go to WTO tariffs, for us it’s fairly straightforward”. “We repeatedly asked the White House for the president’s source, but we received no response”.
The U.S. negotiating team has stated that, among other items, reducing the U.S. trade deficits with Canada and Mexico is a priority. The move was prompted by what the CEO of the Varna Mutual Pension Insurance Co. said is a vacuum of leadership in the US government.
It’s Trump’s latest comment in a long series of statements about the trade deal, which came to the forefront during the 2016 presidential campaign.