U.S. House Democratic leader says NAFTA should remain trilateral pact

0
© Reuters. House Democrats hold a news conference on the Trump administration's tax cuts at the U.S. capitol visitors center© Reuters. House Democrats hold a news conference on the Trump administration’s tax cuts at the U.S. capitol visitors center

WASHINGTON (Reuters) – U.S. House of Representatives Democratic Leader Nancy Pelosi on Friday warned the Trump administration that the NAFTA trade agreement should be maintained as a trilateral pact between the United States, Mexico and Canada and not just a U.S.-Mexico arrangement.

Whatever deal ultimately is reached in negotiations will be reviewed by the next Congress that convenes in January and Pelosi could be the speaker of the House if Democrats win this November’s elections. “I think it should be trilateral,” Pelosi told reporters, adding that she does not think it would be “in the interest of this hemisphere” to turn NAFTA into a bilateral trade agreement.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.