Trump administration seeking limited changes to NAFTA - WSJ - Reuters
|According to a Reuters report, an administrative draft proposal circulated in Congress by the Office of the U.S. Trade Representative proposal reviewed by The Wall Street Journal suggests that the Trump administration will be seeking modest changes to the North American Free Trade Agreement with Mexico and Canada.
Key highlights
- One potential major change, however, is a recommendation to allow a NAFTA nation to reinstate tariffs in case a flood of imports causes “serious injury or threat of serious injury” to domestic industries, the Journal reported
- The document also calls for protections of digital trade and commerce, tougher intellectual property enforcement and requirements that state-owned companies operate in a commercial fashion, the paper reported
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