Negotiations are scheduled to begin on August 16.
At first glance, it’s a very mixed bag. The negotiating objectives for NAFTA are mostly vague, and in parts revisit the well-worn tactic of using trade rules to guarantee corporate profits. In fact, several provisions are ripped directly from the Trans-Pacific Partnership, the corporate-friendly deal Trump loudly rejected in January. “This document does not describe the promised transformation of NAFTA to prioritize working people,” said Public Citizen trade expert Lori Wallach in a statement. It looks like another case of Trump’s rhetoric’s being submerged in the swamp…
It does appear that the globalists in the administration won this round before NAFTA negotiations even had a chance to begin. Some of the most ardent free-traders in the Republican caucus praised the contents of the draft. As Richard Neal, top Democrat on the House Ways and Means Committee, put it, “the ‘new’ NAFTA might not be new at all.”
NAFTA negotiations can now begin within 30 days. The biggest thing needed to truly assess whether the administration actually wants to fix NAFTA’s problems or further entrench corporate control is transparency.