US and Mexico tentatively set to replace NAFTA with new deal

Snubbing Canada, the Trump administration reached a preliminary deal Monday with Mexico to replace the North American Free Trade Agreement — a move that raised legal questions and threatened to disrupt the operations of companies that do business across the three-country trade bloc. Before the administration began negotiating a new NAFTA a year ago, it notified Congress that it was beginning talks with Canada and Mexico. And there are political reasons to keep Canada inside the regional bloc:

"Mexico will have a difficult time selling 'Trump's deal' back home if Canada does not think it is a good deal," said Daniel Ujczo, a trade attorney with Dickinson Wright PLLC.

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4w ago •        
Headlines  Business