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In The Media

U.S. tariff moves jolt NAFTA talks

by Paul Vieira & Kim Mackreal & Anthony Harrup (feat. Eric Miller)

Wall Street Journal
May 31, 2018

The Trump administration's decision to impose steel and aluminum tariffs against allies Canada and Mexico throws the latest wrench into talks to renegotiate the North American Free Trade Agreement, which started last year and had already hit roadblocks in May.

Rather than forcing Canada and Mexico into concessions on Nafta, analysts say, the tariff move is likely to strengthen Canada's and Mexico's resolve to not back down on unconventional U.S. demands for Nafta, such as the elimination of international panels to resolve trade disputes and a new clause under which the pact would expire if not explicitly renewed every five years.

The U.S. "may see this as a cost-free way of applying additional pressure. But the result will be the opposite," said Gordon Ritchie, a former Canadian ambassador for trade negotiations.

CLICK HERE TO READ THE FULL ARTICLE AT THE WALL STREET JOURNAL


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