No one said it was going to be easy, but the heat is ratcheting up as NAFTA renegotiation becomes contentious and the parties race toward a March deadline. The United States has put forward novel proposals that have encountered stiff opposition from Canada and Mexico. Critical sticking points include rules of origin for products such as cars, dispute settlement resolution, and a ‘sunset clause.’ As the United States threatens to pull out of NAFTA altogether and the Trump administration emphasizes its preference for bilateral over multilateral trade deals, the rest of the world is watching these talks closely. Carla Hills, the lead negotiator of NAFTA in the 1990s, joins the Council’s Phil Levy to discuss whether the United States can really withdraw from NAFTA and what that would mean for the US economy and its international economic leadership.
Background reading and multimedia
- Can We Escape Trade Disaster in 2018?
Phil Levy, Forbes, January 4, 2018
- We'll Find Out Whether Trump is Actually Tough on Trade This Month
Kayla Tausche, CNBC, January 3, 2018
- Mexico Looks to Europe and Beyond for Free-Trade Allies as NAFTA Falters
Michael Birnbaum, Washington Post, December 19, 2017