Congress could make trade a function of the living dead
The trade dispute with the US is being characterized as near a crisis which may see the US announce its intention to cancel NAFTA. Some see this as ominous. Others doubt that Donald Trump is necessarily ready to make the rupture complete no matter how tough his talk. The CBC reports that Brett House, the deputy chief economist at Scotiabank, said while there might be “catastrophic sounding headlines” at this critical juncture, it is unlikely anything will change in the near future. It is more likely a “zombie NAFTA” will continue even if Trump pulls out, as such an action could be held up in the U.S. court system and members of congress would have to authorize the addition of new tariffs on goods from Canada.
- Canada preparing for possibility Trump will pull out of NAFTA: sources
- Canada takes U.S. to WTO in wide-ranging trade complaint
