NAFTA In A Land Of Uncertainty

Law360, New York (July 13, 2017, 9:54 AM EDT) -- Trade between the United States, Canada and Mexico may be significantly affected if President Trump carries out his pledge to withdraw from the North American Free Trade Agreement if he deems the renegotiation starting in mid-August 2017 to be unfair to U.S. interests.

In the event of U.S. withdrawal from NAFTA, and unless negotiated otherwise, U.S. and Canada trade relations will be governed by the Canada-United States Free Trade Agreement, which was suspended following NAFTA's entry into force. Trade relations between the U.S. and Mexico will be governed by their commitments as members of the World Trade Organization, including most favored...

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