The Trump administration alarmed Republicans on Wednesday with its consideration of an executive order that could lead to the United States’ withdrawal from NAFTA — with some lawmakers warning that such a move would be a “disaster.”
A draft order has been submitted for final stages of review and could be unveiled late this week or early next, two White House officials told POLITICO. The effort, which still could change in coming days as more officials weigh in, would indicate the administration’s intent to withdraw from the sweeping Clinton-era pact by triggering the timeline set forth in the deal.
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The approach appears designed to extract better terms from Canada and Mexico. But it raises the possibility the Trump administration could walk away from one of the largest trade deals on the planet after having already pulled the U.S. out of the proposed Trans-Pacific Partnership, a 12-nation deal that the Obama administration saw as a way to cement American influence over Asia-Pacific trade.
“I think we’d better be careful about unintended consequences,” said Senate Majority Whip John Cornyn.
President Donald Trump pledged on the campaign trail to renegotiate or otherwise withdraw from NAFTA, a trade deal…
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