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Congress has six months to decide on USMCA

|About: iShares MSCI Mexico Capped... (EWW)|By:, SA News Editor

"I will be formally terminating NAFTA shortly," President Trump told reporters aboard Air Force One on his way home from Argentina, giving six months for lawmakers to approve the USMCA trade deal signed on Friday.

"Just so you understand, when I do that - if for any reason we’re unable to make a deal because of Congress, then Congress will have a choice" of the new deal or returning to trade rules from before 1994 when NAFTA took effect.

Previously: USMCA pact signed, but without U.S.-Canada pact on steel, aluminum tariffs (Nov. 30 2018)

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