Signed, Sealed, Not Delivered
Bloomberg Businessweek Middle East|December 16, 2018

Trump has to get the new Nafta past Congress before he can declare victory

Signed, Sealed, Not Delivered

President Donald Trump was quick to proclaim victory in September with the sealing of a deal to replace the North American Free Trade Agreement. He claimed the United States-Mexico-Canada Agreement, as the new deal is known, offered proof that his pugnacious approach toward tariffs and trade could deliver. If all goes as planned, U.S. officials will join their Canadian and Mexican counterparts in Buenos Aires on Nov. 30 for a ceremonial signing. But that marks just one step on the new Nafta’s winding road toward becoming a business reality.

The U.S. president’s next challenge is to get the deal through Congress. Democrats, the incoming majority in the House of Representatives, say they’re ready to deny Trump the easy win he craves. Richard Neal, the Massachusetts congressman set to take over as chairman of the House Ways and Means Committee, says he and his fellow Democrats have concerns over a new pact he calls not “properly fashioned yet.” Bill Pascrell, the outspoken New Jersey Democrat and longtime Nafta skeptic vying to chair the Ways and Means trade subcommittee, is blunter still. “The deal was not a deal,” he says. “You’re going to see a lot of changes.”

This story is from the December 16, 2018 edition of Bloomberg Businessweek Middle East.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

This story is from the December 16, 2018 edition of Bloomberg Businessweek Middle East.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

MORE STORIES FROM BLOOMBERG BUSINESSWEEK MIDDLE EASTView All
Golfing With The Enemy
Bloomberg Businessweek Middle East

Golfing With The Enemy

Did Donald Trump's executives violate the Cuban embargo?

time-read
10+ mins  |
August 16, 2016
Super-Rich Syrians Wait for War's End
Bloomberg Businessweek Middle East

Super-Rich Syrians Wait for War's End

Actor, author, playwright. Gill Pringle tries her hand at unravelling the mystery behind this enigmatic multi-hyphenate

time-read
10+ mins  |
July 01, 2016
Pam Codispoti
Bloomberg Businessweek Middle East

Pam Codispoti

The mastermind behind the industry-shaping Chase Sapphire Reserve Card sets her sights on banking

time-read
2 mins  |
January 16, 2018
This Time It's The Economy
Bloomberg Businessweek Middle East

This Time It's The Economy

President Rouhani’s budget sets offprotests from people angry about unemployment and inflation

time-read
5 mins  |
January 16, 2018
Saudi Prince Counts On Support Of Citizens
Bloomberg Businessweek Middle East

Saudi Prince Counts On Support Of Citizens

State-worker salary increases appeal to the people, but policy may throw the budget off track

time-read
3 mins  |
January 16, 2018
Stalin's Legacy Is Choking The Ukrainian Economy
Bloomberg Businessweek Middle East

Stalin's Legacy Is Choking The Ukrainian Economy

The government has resisted pressure to lift a ban on land sales, despite pressure from the IMF and investors

time-read
4 mins  |
January 16, 2018
Catastrophe Bonds Survive A Stormy Year
Bloomberg Businessweek Middle East

Catastrophe Bonds Survive A Stormy Year

The turbulence of 2017 couldn’t destroy a market for betting against disasters

time-read
3 mins  |
January 16, 2018
Riding The West Bank's Credit Boom
Bloomberg Businessweek Middle East

Riding The West Bank's Credit Boom

Increased consumer lending is creating a bubble in the West Bank

time-read
3 mins  |
January 16, 2018
You'd Be Crazy To Buy Pizza With Bitcoin
Bloomberg Businessweek Middle East

You'd Be Crazy To Buy Pizza With Bitcoin

Speculative fervour makes the cryptocurrency clumsy for commerce

time-read
3 mins  |
January 16, 2018
What If The President Loses His Party?
Bloomberg Businessweek Middle East

What If The President Loses His Party?

Trump has to figure out a way to work with Republicans in Congress, or the global economy may be at stake

time-read
6 mins  |
August 16, 2017