NAFTA Can Now Be Triggered By The US

The US Senate approved today President Trump’s Trade Representative nominee. Reuters reports:

‘By Jason Lange and Lindsay Dunsmuir

WASHINGTON (Reuters) – The U.S. Senate on Thursday approved President Donald Trump’s nominee for U.S. Trade Representative, a critical position ahead of renegotiations of the North American Free Trade Agreement with Canada and Mexico.

Delays in Senate confirmation of veteran trade lawyer Robert Lighthizer more than 100 days after his nomination have set back Trump’s trade agenda, including the start of talks about revamping one of the world’s biggest trading blocs.

Lighthizer won support from both Republicans and Democrats in the Republican-led Senate on Thursday, with an 82-14 vote to confirm his nomination.

The administration has had to wait for Lighthizer to be in place before triggering the formal process to begin renegotiating NAFTA.

It was not immediately clear when the White House would begin that process. To do so, the Trump administration must send a letter to Congress declaring its intention to launch negotiations in 90 days.’

Let’s hope Canada is ready . There’s a lot at stake here .

It will be interesting to see if the Americans want to combine the softwood lumber issue with the trade agreement or keep it separate as before.

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