Chamber calls many Trump administration NAFTA proposals 'dangerous'
Source: Politico
By DOUG PALMER 10/06/2017 11:40 AM EDT
The largest U.S. business group strongly urged the Trump administration Friday to withdraw a number of "highly dangerous" proposals in talks to renegotiate NAFTA and warned that pulling out of the pact would have disastrous consequences for many states that backed President Donald Trump in the election.
"Today, we’re increasingly concerned about the state of the negotiations," John Murphy, senior vice president at the U.S. Chamber of Commerce, told reporters. The comments come a few days before the United States will host Canada and Mexico for the fourth round of talks on renegotiating the nearly 24-year-old pact. The Chamber has expressed concerns about certain proposals in previous trade agreements, but never on as many proposals as are currently under consideration in the NAFTA talks, Murphy said.
Many businesses, large and small, are concerned about the effects that many of the Trump administration proposals or planned proposals would have on trade. Those at issue would reduce Canada and Mexico's access to the U.S. government procurement market, create a new domestic content provision for auto and tighten regional content requirements, and automatically terminate the agreement after five years unless all three countries agree to renew the pact — known as a sunset clause.
"We see these proposals as highly dangerous, and even one of them would be sufficient to move the business and agriculture community to oppose an agreement that included them," Murphy said.
Read more: http://www.politico.com/story/2017/10/06/chamber-of-commerce-trump-nafta-dangerous-243539
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