More than six months after the United States, Mexico and Canada agreed a new dea...
MEXICO CITY/OTTAWA - More than six months after the United States, Mexico and Canada agreed a new deal to govern more than $1 trillion in regional trade, the chances of the countries ratifying the pact this year are receding.
The United States has its next presidential contest in 2020, and Canada holds a federal election in October. Canada’s Parliament must also ratify the treaty and officials say the timetable is very tight. Current legislators only have a few weeks work left before the start of the summer recess in June, and members of the new Parliament would have little chance to address ratification until 2020.
Meanwhile, Trump on Thursday threatened to slap tariffs on Mexican auto exports unless Mexico does more to stop drug traffickers and illegal immigration. In Ottawa, Canadian Foreign Minister Chrystia Freeland said this week her government was “constantly” looking at its own retaliation list, noting that Trump’s tariffs left the country over C$16 billion worth of space to strike back.
A bill already in Mexico’s Congress to strengthen trade unions should be approved this month, the government says.
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